On the ocean you have a good chance of having 200m visibility so you're close enough to do all the things you mentioned. You don't have trees or hills or whatever in the way.
If the waves are super big you'll get blown 200m in a second anyway so more accuracy isn't going to help.
If you're trying to find a crab pot in the Fog then maybe it would help. But you're F'ed anyway. Turning around and backtracking on a boat is not that easy.
You could also argue that if the line from the pot to the buoy is longer than the dept of the water you're going to be off by a hundred feet easy.
It's not the same on the water, you're not looking for some geocache hidden under a rock. It's usually big orange things on the ocean if not other boats or ports.