Currently I use a \\mytodo macro, which just calls \\todo[inline]:
\\mytodo macro
\\todo[inline]
\\newcommand{\\pbtodo}[1]{\\todo[inline]{#1}}
I often see advice on the web along the lines of:
\let\Oldtodo\todo \renewcommand{\todo}[1]{\Oldtodo[inline]{#1}}
for this situation. I believe that \let is a plain TeX feature.
\let