Yes, if you use a bullet that is consistent in all measurements, it won't matter if you measure one or the other. I haven't used either Hammer or Cutting Edge, but I'd bet bullets like those you'd get good results because they're all copper, CNC machined in a lathe. But it comes back to what I said earlier - the measurement that matters is the ogive, and when it hits the lands.
But, also want to make sure we're not criss-crossing terms. I use the Hornady tool initially to find distance to the lands. Lock it down, pull it out of the action, put on a comparator and measure CBTO, not COAL. Repeat 4-5 times for consistency and that's my starting length (You can also disassemble your bolt and look for a smooth bolt close). I then measure COAL once just to make sure it'll fit in my mag, and then start load development, probably backing off .010" or 020" to start based on the CBTO measurement. Adjust my seating die until my starting CBTO measurement is as desired based on the measurements taken off of the Hornady tool and then adjusted for jump. Might go back to touching, might just start working backwards.
Also - just so we're on the same page, measuring COAL is base of the brass to tip of the bullet in a set of calipers. No gauge needed here. CBTO on the other hand requires a comparator and mount for your calipers because you're not measuring from the tip.