It's always some tip of the hat to semantics when these terms like "Shot Value" rear their head and I apologize if I haven't read the thread thoroughly, and am stumbling over someone's previous idea.
For me, as in the template hole "examinations," there are many, many types of "Shot"...
1. "low runner"
2. "aerial drop"
3. "hooking flight, slicing flight, etc"
4. "blind faith - indefinite target"
5. "forced carry"
6. "don't go long"
7. "over 'there' - use fortune of ground"
8. "needs to be straight"
9. "anything BUT left, anything BUT right, etc"
10. "a partial wedge off slopy ground"
and probably dozens more I can't summon right now...some might involves properties of a prevailing wind and some are included in those shots that are close to the green like pitches, chips and putts ("Long Putt Judgement" would be a prevalent "shot value" at Yale)
AND then there is "Value," which for me, can be
1. how much a player encounters, or an architect uses, one of the shots
2. how many different types of "Shots" are deployed (hence the review phrase: "Variety of Shot Values")
OR
3. how much the player and/or architect "likes" the types of shots they call for.
4. how exactingly (penalty to reward) a particular "shot" is presented to the golfer.
I don't see how anything to do with scoring has anything to do with it, and the latter discussion regarding Riviera #10 seems to be "off," as:
A. A short Par 4 is not a Shot Value, it may be a "Hole Value," but its the shots provoked (or commanded) within such a hole wherein lies the actual Value of a particular Shot
B. Consequently, the entire hole is mislabeled to have a "High" or "Low" Shot Value
and what's being missed is
C: the real beauty of a great Short Par 4, is the coordination and readiness to hold differing "Shot Values" depending on the players comprehension of ability, to risk/reward.
On Riviera 10, for some like elite and tour players, it's a "Bomb with Miss Left" and then, "delicate partial pitch out of rough" OR "checking skid pitch to igloo top" for others. But no matter what your abilities and execution, the hole carries "exacting" shot value for anything you plan. Whatever you choose, you must do correctly, or otherwise have great fortune to achieve a 4 or better on the hole. Riviera 10 will not let you get away with indifferent play. This is probably owing most to the green complex and its situation to topography, fairway hazard, and the distances achieved. Regardless, the hole is brilliant because whatever shot Values the player deems are commanded from tee to green, the hole is ready to make an exacting test.
Perhaps that is the beauty and the applicable "Value" label of many short Par 4s...the Hole itself bifurcates (based on ability and command) into two types of successive value columns. It's two (or more) holes in one hole presentation right from the peg being put into the ground.
cheers
vk