Correct me if I'm wrong but I use "FIXME" for this intent. I keep TODO for stuff actually left to implement.
I would like to have a tag for "here's something that works, but could be improved" though!
It seems nice to have tags for places to jump where the improvements are obvious, rather than hoping to just remember/spot them later.
Seemed weird to make up a codeword but I wasn't aware of any standard convention, and visually highlighting high impact issues (w/ the bonus of greppability) seemed like a sane approach in rapid development environments.