1. I think it works for two reasons:
1) By limiting what type of hole can be drafted per round, it brings some consistency to the process and gets everyone on the same page in each round and wondering which par 3 for example the other peeps are going to pick.
I don't like this. In a fantasy football draft, you determine which position you covet most. I love par five holes, so i would tend to go after them first, at the expense of the others. That's my strategy. I believe that the restriction of par per round eliminates this strategic element.
2. How about:
the first 2 rounds - 1 hole
next 2 rounds - 2 holes
next 4 rounds - 3 holes
This I like. I don't know why I like it, much like lezbo granny porn, but I like it!