I think the new TT data files have an extension of .TTPack. At least the ones for Blacksmith 3D do. I don't have TT, but do have Blacksmith 3D and yes, the way the conversion works with it is you load a cr2 that has the material you want to convert. In other words you need to apply the materials in poser and then save that file as cr2, and load that up in the convertor. As far as where the conversion are saved, can't really help there, as in Blacksmith 3D, it asks where you wish to save them at. I would think TT has some option, possibly, as where to save them.

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Consider me insane if you wish, but is your reality any better?