Tom H,
Doesn't the fact that Augusta today isn't anything like the Augusta you watched as a kid affect your answer at all? Yeah, I know, you wouldn't be playing the Masters tees and so wouldn't see all the new length added in the past 10 years, but they've changed the greens to bent, moved bunkers around, added trees, added the 'second cut' (but maybe that's only there for the Masters and not for member play)
I'm not saying I really oppose the changes they made, because they have to do something to keep the Masters from being a boring wedgefest like too many other PGA events. But it has really removed a lot of the magic aura from the course for me. I suspect seeing the 1960 Masters broadcast next month and seeing yet another version of Augusta will remove even more of it.
On the other hand, every time I walk on TOC's turf, the aura only grows stronger. Yes, that course is nothing like it was when Mary, Queen of Scots walked it, and the Road Bunker gets rebuilt every few years and is never quite the same as it was the last time, but modulo the different equipment we play with today the strategy is essentially the same today as it was when the course was shortened from 22 to 18 holes. If I choose, I can use the equipment that Old Tom Morris, Harry Vardon, Bobby Jones, et al did and face the exact same shotmaking challenges they did. You couldn't even relive Nicklaus' 1975 Masters victory because the course is so different barely 30 years later!
I'm not saying I'd turn down an opportunity to play Augusta, but if you ignore the exclusivity factor I could think of dozens of courses I'd jump on first. I have to wonder if you ever did get your opportunity to play there if you wouldn't come away disappointed since you've built it up in your head for so long. Once you got over the fact that you got to play somewhere most golfers never do, would it really rank above your experiences at TOC and other great courses you've been able to play.