If the same VOR has a hold as part of the missed approach, you can run into a great deal of difficulty tryig to get the airplane to establish a hold on this point. Some "Bag-O-Tricks" solutions have you enter the (VORor FIX/-.1NM) and hold off this point. What's a 10th of mile between friends? I prefer the PPOS hold method when things don't go the way I like.
Boeing 737NGs have a PPOS hold feature. I Heading Select myself to the fix I want and the execute a PPOS hold. We also have a nifty FIX page that gives RAD/DIST, which makes turn entry into the hold a snap.