Yo, Archie
I don't promulgate, nor have I ever promulgated, except when I was young and foolish.....
....but, I will admit that while "eye-candy" can be interesting and even useful, I believe that it can only be so in extreme moderation. Think of the left hand side mega-bunker at the green of the 6th at Pacific Dunes--completely out of play, but in your mind and your face. Otherwise, think if those bunkers are really necessary.
For whatever reason, Mackenzie semed to like to place superfluous bunkers, particularly on courses where he had enough budget to do so. If you look at courses where he had less budget (e.g. Alwoodley, Pitreavie), the bunkering is more economical and more pleasing to the eye of the strategic player.
As you imply, maybe in the "Golden Age" greenside bunkers were hazards for good players, but now they are not. As for not so good players, they are still very hazardous--even soul destroying--but does that constitute great architrecture? I think not.
Rich