You beat me to it! Yes, that's exactly it. Torque-to-yield bolts exploit an unusual property in steel, which most other materials don't exhibit. Once it has yielded, you can turn it quite a long way without the clamping force changing very much. That's the place the manufacturers wants to be.
It's not just about re-torquing after 1000 miles (I think that was more to do with the gasket material relaxing), but getting an even clamping load on the joint. As has been said, the problem with trying to measure clamping load from torque, is that you have to assume that all the resistance the torque wrench is overcoming, is actually translated into clamping force. Obviously, if you have one, perfectly-lubricated bolt (both in the threads and under the head / washer) and do it up to a torque of "x" you get a clamping force of "y". If you apply the same torque to one with a bit of swarf down the thread, or less lubrication, or a bit of something under the head, you'll get a smaller clamping force. With torque-to-yield, the tightening torque is a relatively low one, to get the bolt "seated" and then the tightening is done on angle (which (assuming the pitch of the bolt thread is the same on all of them) is much more accurate. Also, once the bolt has yielded, the torque won't change much as the angle changes, so it's not accurate enough doing it on torque alone - there would be too much danger of snapping some of the bolts.