Anthony,
That really depends on from where you are playing your second shot which depends on a whole host of variables - the limitations of your player, wind of course, pin placement, etc. etc. To a back right pin with minimal of the typical wind into you, I would say that 100 yards is a better number than something shorter especially if you are coming in from the right over that huge bunker that you don't want to be in and the two gaps behind the green which, anything scooting long could easily go down leaving a horrid situation - chipping from a who-knows-what-kind-of-lie to a green 5' above you downwind with the front bunker suddenly a real possibility.
If your player feels comfortable playing a draw into the breeze (or strong wind!) hoping to run it up on the left side where a shorter chip is actually a fairly straightforward shot to any pin with a variety of trajectories and clubs. My conclusion is that the strategy on this hole - or any quality par-5 hole - goes beyond simply leaving oneself with a good yardage. For me, the line and likely trajectory would dictate more the strategy on PD #3. In really fun conditions with the wind up, strategy needs to consider all three - yardage, line, and trajectory.
Cheers