Brad,
To be honest, if I was doing that green over again, I would leave most of it, but the back right swale going off the green makes it a bit severe. I love the rest of it and think its very maxwell esque.
That hole has a lot going on and is one of the bigger changes we made to the good Dick Phelps course (other than rerouting 7-9) When I saw the space available, it screamed out for removing a few trees and adding a centerline bunker. I added the left bunker to narrow that option. I think the choice of safe short and/or right is in pretty good balance. Even if you lay out there, its only a 6-7 iron in and I can usually hit the green from there (having yanked too many tries into the bunker or creek left to even consider it anymore)