I work on a lot of Lutron Home works interactive and Radio Ra projects so I can get some good technical/engineering assistance from them. Here is what they say about dimmers and circuit tracers.
> Ben,
>
> Digital dimmers, like the Maestro series, have electronics that are
> powered when the circuit is completed through the load. If they aren't
> powered, the Triac is off which is equivalent to an open circuit. This
> will cause a circuit tracer to not function past the dimmer. With an
> analog dimmer, depending on the tracer the ringing signal may be
> distorted by the switching of the Triac which may cause the
> receiver/tracer to not work. Circuit tracers are excelent
> troubleshooting tools, but, as with most tools, it has its limitations.
>