No. The best resolution is exactly achieved for Rref = Rpot. Compared to a potentiometer circuit, the (minimum) resolution
is worse by a factor of four. The non-linear characteristic is another disadvantage.
Re: Resistance measure - what's the optimal Ref resistor val
You have a resolution varying with R, it's minimal for maximum R. With R = Rref, du/U = 0.25 dR/R, with higher or lower Rref values,
the relative resolution is < 0.25.