In theory, yes.
On the other hand, there is the old "first answer is usually the best" from school days that might apply here.
There is often the question of "adapting" to changing circumstances which is not a pure architectural question.
Lastly, I often run into situations where the client may want to "improve" a green, bunker, etc. and I ask "Is it worth it?" In other words, is $75K to rebuild a green to flatten, add or remove bunkers, or whatever going to improve it 1%, 5%, 100%? Sometimes, clubs are willing to spend a lot of money for a 1% improvement, which seems dubious. Too many renovations just alter, but don't improve things.
Or, as I like to say, most clubs shouldn't renovate "just because." If you can identify a specific problem (like too much slope in a green, too close to a road) then it can be fixed. It gets a little dicyer when you generally don't like something or if the changes are initiated from the phrases "it doesn't fit my game" or "what if I hit it....here?"