Well, are you shooting at 24fps or 23.976fps? I don't know much experience of 24fps workflows, but the way I understand it, it's normal to shoot at 24fps, and if a 23.976fps version is required, to conform to that rate later (i.e. after you're done editing). I could be wrong here.
Talk to your cameraperson and get some advice about the exact frame rate s/he's going to shoot at. If indeed it's 23.976 (which I doubt) then yes, you should use that number for "doing the math".
Rereading your post, it occurred to me that you might not be using an external TCG at all, is that correct? Are you planning to playback a quicktime movie on set with visual timecode reference and sync to that?
If so, I guess this would be the way to do it: Drop your audio into a 24fps sequence, allowing 10 secs or so of silence at beginning for cueing. Put a slug on the video track and add the Timecode filter to the slug. Export that timeline as a quicktime movie (audio and video), then import that back into FCP and apply the various speed changes required. Your visual TCG reference will be playing back at the same speed as the music.
If you use these files for sound playback on set and make sure you get a shot of the visual TC reference at every slate, it should work well for syncing later.
I'm only thinking off the top of my head here - I've never done this kind of shoot. I'm sure some other folks around here could chime in as this "varispeed" effect is done quite a lot in music videos.
Best of luck with it!