This projection is good for mapping a region, continent and at medium or large scale. The answer will vary depending on the details known about the satellite, the instrument and control points on ground. Even then, the image could be distorted by topography, cloud or snow drift and time of day. It will also depend on the location of the control points. The certainty of the location of control points can be difficult.
Snow drift can result in a rock outcrop looking different from one image to another.
A polar stereographic projection is applied using coastal features as control. This projection allows all the images along the coastline to be joined into a mosaic. Landsat TM or MSS imagery has its own projection, the Spatial Oblique Mercator. This projection is nearly conformal and has little scale distortion within the sensing range. This projection incorporates the Earth's rotation with respect to the orbiting satellite.