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I have many questions, such as...

> algorithm for finding the pixel displacement between two images

When did we stop calling this optical flow?

Why was the algorithm published in Cryosphere and Remote Sensing and not something related to computer vision?

Why is the only CV-related citation in the original paper to the "Handbook of mathematical models in computer vision, Springer, 2006"?

Yes, I would like to have seen some mention/comparison to known optical flow methods too.
The answer to all your questions is: they are not computer vision guys.
Useful for visual odometry?
We would need to answer the question whether this lib can do it incrementally over a series of images, probably not.