Rick,
Even at $125-150 per round, daily fee is almost always going to be more economical than the typical private club. particularly any club that has a pool, tennis courts, and restaurant. Forty rounds at the low end of this range is $5k, which hardly scratches the surface of what it cost per annum to belong to a club.
The issue with daily fee is finding a group of compatible guys who want to play regularly and are willing to pay what, on the surface, looks really expensive, particularly compared to municipal or county options.