I would love to see an event played over the Old White course. I kind of wonder where the thousands of fans would come from, seeing at it's in a fairly remote location. But if it was played during the school year, I would certainly make the trip a couple days, since W&L is only an hour away.
The 17th hole at the Old White is only about 510 yards, par 5. I guess the Tour might try and build a new tee for it, but I'd rather see them play that hole as a par 4 and bring the course to par-69.
Also, I believe the Tour already plays a MacRaynor course: Waialae in Hawaii for the Sony Open, right?