Now you guys have touched a HUGE nerve. I am a big fan of par 4's and 5's that reward positioning near danger in order to best set up the next shot. However, I'm afraid that holes that reward length in any way other than a shorter club don't do it for me - having extra length is enough of an advantage, already. I prefer holes where the greens are angled and/or protected such that the best position to attack them is from a relatively precarious place that required a darn good shot (but not a LONG shot) to get there in the first place.
First, the "don't like as much as pure strategic":
First, my problem with most "Cape" holes is that the longer hitter, after having "bitten off" more on the drive than the shorter hitter, usually has a more straight-forward approach angle to the green - and with a shorter club, as well! It seemes to me that the true "strategic Cape" would leave the SHORTER player with the easier angle/longer club and the longer hitter with the more challenging angle to compensate for the shorter club to be used.
Other "great holes" where the longer hitter has an easier angle AND a shorter club: NGLA #'s 2,3,12,14 (Cape),17,18;
PVGC #'s 1,4,6 (Cape),13,16; Merion #'s 1 and 10. As to #17 (Levin) at National, there's no more beautiful vista in all of golf (even at Cypress) and, like all of NGLA, playing the hole is a marvelous experience. However, the shorter hitter is simply unable to accomplish the strategic objective - there's too much wasteland to carry.
Second, I'm not enamored with holes where being very near trouble is LESS desirable than the center of the fairway: Most holes are like this in order to be "fair" (and they're easier to design) but, for example, wouldn't #1 at Pine Valley be neat if the green was easier to attack from near the right bunkers than from dead center? Yes, the hole is already hard enough but you get the point.
Can you imagine the bitching and moaning if somebody ever built a course where the center of the fairway was never as desirable as near the left/right trouble?? It might be too much of a good thing, anyway - too subtle, too "tricky", etc.
Now the "like most" part:
Merion is loaded with holes that reward the risky play over the safe "bail out" including: #2 (play the entire hole up the right side near the OB for the best approach), #4 (aim at the right side bunker for the flattest 2nd shot - the center of the fairway is squirrelly), #5 (play along the left creek for the best angle into the green and the flattest stance), #7 (drive towards the OB for the best angle into the green), #14 (playing away from the OB leaves a longer, tougher shot), #15 (my kind of Cape plus you have to aim towards the left OB to get the best angle) and #18 (left off the tee towards the rough/OB leaves a better angle).
National has its share of strategic holes including: #7 - MacDonald's Road Hole (best 2nd shot angle is, arguably, from as far right towards the bunkers as you dare), #8 (green opens up the further right you drive it and #15 (the green opens up better from near the left bunker and/or rough).
Even the ultimate penal course, Pine Valley, has a couple of places where aiming dead center is less desirable for every golfer - not just the longer hitter. For example, #11 plays better up the right side near the trees and bunkers, I think. However, the second shot on #15 is the ultimate - if you don't aim at the left trees, your ball will be in the right trees when it stops rolling.
Finally, what better strategic shots than the drive and 2nd at Pebble #18? The closer you are to the ocean on the left after each, the easier your next shot becomes. Sort of like #2 at Merion in reverse (and a more spectacular setting, to be sure).
There's other kinds of great par 4's and 5's - Pine Valley and Shinnecock (to name 2 of many) are filled with them. But subtle strategic holes that require precision and thought regardless of wind and the players' length - that's a good thread for this site.
Take your shots, guys