To answer your question, Mike, I very much think that if Pinehurst #2 were built today, it would be just another course to many, because it's not flashy. I also think they couldn't charge $300+ to play it, either. If if cost $150 to play it, it might get better rankings than if if cost $30 to play it. Unfortunate that that matters, but it does to many.
I'm curious to see how Rustic Canyon fares in the rankings, because Hanse is not a "name" architect, little earth was moved, and it's dirt cheap to play there. Some of these types of courses have received praise though, such as Wild Horse, but that's an exception. WH also doesn't have name architects, and it's in a remote location. I'd bet if Red Mike in ND were a private enclave by a name designer in a less remote location, it'd be much more highly regarded.