I don't know what the benefits of ternary numbers are in this particular case, but a similar technique is used in ASTC[1].
In this case, a fixed-size block of pixels stores one or more pairs of colors using a lower resolution than your usual 8bpp. Then, these color "endpoints" are interpolated using weights that allow you to approximate the original colors. For storing the endpoints, sometimes you can get a better trade-off of resolution/bit if you can pack ternary numbers in the bitstream instead of being restricted to power-of-two boundaries.
In this case, a fixed-size block of pixels stores one or more pairs of colors using a lower resolution than your usual 8bpp. Then, these color "endpoints" are interpolated using weights that allow you to approximate the original colors. For storing the endpoints, sometimes you can get a better trade-off of resolution/bit if you can pack ternary numbers in the bitstream instead of being restricted to power-of-two boundaries.
[1]: https://developer.arm.com/documentation/102162/0430/The-ASTC...