Good to see the discussion re the options with a "garden variety" scope.
It is true that you see a deflection from the impulse at the end of the cable.
In case of utility mains, especially in 230/400 volts the cables there are a lot of joints and sometimes different sizes used mixed together.
These will all cause a deflection in the readings and the crew who digs up the fault will tell you quick enough if it's at the wrong location.
Hence the Pool of Potential is 99.9% accurate within ± 5 cm of the actual fault and my preferred method on non-screened cables.
With the HV cables as mentioned before, on long runs 2kms or more we use the dart to give us an approx. distance, then thump and listen for the noise generated at the fault.
quite often you can hear it above ground, and sometimes a Biddle listening set is used to pick up the magnetic flux and noise on your headphones and lcd display.
Cheers Ray