Jeff,
I agree the Bay may lack three shot holes and has an abundance of two shot holes, but is that what is missing from golf today?!?!?! Every where you go these courses are streched beyond belief. With that said I am not hearing that the course record is beat every other week. I'll take two shot holes with a stiff wind any day.
Kevin, as I said previously, I really love the Bay Course and you can count me among those who would be the last to disparage it. However, when it comes to measuring the course against others, my personal belief is that the totality of the holes has to be factored, and the Bay simply does not have the breadth of holes to test all aspects of one's game, especially the game of better players.
I consider the Bay Course to be akin to a boutique; what it does it does very well, but it doesn't have the selection that a longer and more complete course offers. Feel free to disagree, but all three Par 5's are reachable, and some with a mid-iron or less if the wind is right or the player is long enough. Forgive me if I get the routing wrong (I still can't quite get my head around the new sequence) but I count #'s 1, 4, 5, 8, 10, 12, and 16 as two-shot holes where a reasonably long hitter will be hitting 9 iron or less into the green. That leaves only four Par 4's of 390 yards or more, where most players will require a mid-iron or more to reach the green. Obviously the wind is a factor at Seaview, and with three demanding Par 3's in the mix it is more than a short game session. Further, two of the longer par 4's, #2 and #6, are as hard as they are good.
I agree that massive and over stretched courses aren't necessarily good for golf, and the small scale and walkability of the Bay Course adds to its charm and appeal. While I don't subscribe to the notion that every club in the bag must be tested in order for a course to rate highly, the abundance of driver-wedge opportunities on the Bay Course do detract from its standing as a among some of the other designs in the area. This, of course, is just my opinion.
With all of that said, the Bay Course does offer something unique and I think it's a special place. While there are a few neighboring courses that I would consider to be better courses from start to finish, they aren't as high as the Bay on my list of recommended places to play when taking or sending friends to the area. With Sea Oaks being an example, it is probably a more complete course than the Bay in terms of demands on the golfer. However, as nice as it is, it's nothing special, and a similar experience can be had at various high-end daily fee courses here in NJ, and elsewhere. The same can't be said of the Bay Course, which is why I regard it so highly despite the shortcomings I believe it has.