Agreed, probably not for long. So most likely a captured world. And by most likely of course I mean a very rare event to find. Not that it wouldn't happen often enough to be unique, but that Traveller's finding it at that stage would make it unique.
Well, now, a captured world raises some possibilities.
Especially if it is an elongated body, such as the TNO Haumea in the Sol system. It would have to be Plutoid-sized or smaller (implying no or little usable atmo), since larger objects tend to be spheres by virtue of their own gravity.
On the other hand, Mars is notably "out of round" due to a primordial impact basin, and might be a larger subject to model.
Either way, upon capture (say, by being perturbed from its outer system orbit by a passing star or whatever) such a body could enter, for a few million years at least, an orbit with a notable eccentricity. This eccentricity would cause a variation in its orbital velocity as it passes closer and farther from its primary, and could introduce a noticeable nutation (or "wobble") for several million years until tidal forces finally damp it out and the satellite settles into a circular orbit.
Still probably more of a navigational curiosity than a usable plot point, at the end of the day... but hey, tidally-locked T-prime worlds in close orbit around M-dwarfs are currently predicted to be fairly commonplace in the universe, and -- if the computer models are to be believed -- their weather and climate are, pardon the expression, "out of this world" alien and rife with perilous adventure possibilities...