Brent,
For 95% of that I was on board with your comments. They made sense, and seemed to flow with the (I think) accurate assesment from Pete Dye that his goal is to get those guys thinking, because then he knows he's got them.
I fell off board though with your last sentence. The narrowed, and lengthened, 11th would seem to take thought away from planning out the tee shot. The second shot is a different story though and I made a comment Sunday morning on an "Interesting Hole Locations" thread that a right hole on 11 might seem odd as it's away from the water, but now the safe shot is more towards the water since missing the green right is a very tough 4.
In total though, I think Strategy is best defined as playing to your strengths...whether you were playing Augusta yesterday or tomorrow.
A 15 handicapper can stand 200 yards from a green and have a reasonable idea of the different ways he might play the hole. For betting money, he should not hit his 200 yard club all that often...but that's a big part of the fun of golf...hitting shots to see if you can do it.
I had to think a while before making one response, and I'm sure I'll have more to add, but that's my start.