A 10.000MHz standard xtal will give you better precision than that IC as the period is only likely to be relevant once per second and the number of cycles is a lot higher. If you use a precision frequency standard/OXCO with a low reference clock speed, you're going to have to make pretty large guesses on high frequencies. Plus you have I2C bus latency to consider there and the fact that it's a time standard, not a frequency standard.
In fact if you have a 10.000MHz standard xtal, at 100MHz you're looking at 10.0Hz precision. 32768Hz source, you're looking at 3KHz precision. These are only approximate magnitudes of difference and I'm not rounding properly but you get the idea.
Plus you can do this with just plain old TTL with a prescaler, some counters and display drivers, LED displays and a shit crystal for $50 or so or as someone said, buy one.