Hm, that must be a recent fix then. As of just the other day the chip grids didn't come up immediately. That's why I had come up with the idea to switch out to putter first, then back.
*edit* I just tested it out in quick play and single-play ranked mode and it seems to work fine, however I was able to produce this error in multiplayer. I have a screen shot, but my FTP is down for some reason and I can't post it. :( I'll try to get that up as soon as I can.
I was on the 1st hole in a 2 player match, left it short of the green purposely and selected chip (it had defaulted to pitch). When I clicked for reverse view and grabbed the target marker the chip grid did not appear.