No, it should work. As a matter of fact, if that one didn't work, I would have heard about it long ago, since the included chip images are located in the "images" folder. Therefore, it has to use absolute paths (or, it HAD to), or else the chip images would have been broken.
When you specify an image for a chip, you can enter the path yourself, or use the Browse... feature to find it. Either way, the TD converts it to a relative path, if possible, so that your chips templates are portable. However, when it inserts a chip image on the screen, it always uses an absolute path.
This is relating to using the <chips> token to display your chips on the Tournament page. That IS what you were referring to, right?