I think it can work really well on a par 5. Here's the fourth at The Harvester, a great public course in Rhodes, IA.
The tee shot plays over a rise. Average hitters will probably not be able to clear the top, but longer hitters can get to the other side.
Once on the other side, the big hitter has another rise obscuring their view of the green if they want to take a shot at it in two. For the average hitter coming from a bit further back, it's just another straightforward shot to the top of the next rise.
The hole works for two reasons. First, even though the shots are blind, it's still pretty easy to tell where you're trying to go. Secondly, the hole is visually difficult for the stronger player trying to be aggressive while the shorter or more conservative player can stay safe easily. It creates a nice risk/reward balance.