Something like that would be great. In general I've found that just diving in and working with what I see and not worrying about scale is quickest, but the penalty is huge if your work can't be resized easily after the fact, at which point you might as well bite the bullet and just do things at correct scale to begin with.
The problem for me is that oftentimes I'm going into TG with one intent and then by happenstance something I hadn't planned on doing presents itself and the opportunity to explore that further is too hard to resist. I then wind up with something that I really like that wasn't my original intention but only then discover that my scale is way, way off. Trying to go back and duplicate what was done to achieve the same look at correct scales proves to be more challenging than building the original scene to begin with and takes a lot of the joy out of working with the created landscape. There's got to be some way to just globally scale everything easily, or at the very least scale your terrain displacements.