Tom,
If I'm hiring and architect to build a golf course there are a variety of reasons for making a selection. To dismiss an architects success in the rankings as only being worthwhile for a developer that wants their course in the rankings is unfortunate. The rankings are one method of assessing the quality of the work. I would think an extended view of the rankings, if possible, is exponentially more valuable than a Best New type of appearance.
If you've built 10 courses and none have raised an eyebrow in the ranking circles it will surely not help you regardless of how well you interview. If you've built #22 Modern and Jeff Brauer has #25 Modern I think we can call it a tie as the rankings are certainly not final and absolute.
Just out of curiosity, do you really feel that even after winning the Pacific Dunes job ("being the guys who were able to build it") and your subsequent clients loving it, that you would have won all the same commissions since then if it were never ranked in any Top 100?
Jim:
Absolutely, having a course ranked in the top 100 lists on a regular basis is way, way more valuable than winning a Best New award against a limited field. That said, to me, having a course ranked in the top 100 in the world or U.S. requires
(a) Having a great piece of land to work with and a great client to work for,
(b) Making the most of that opportunity, and
(c) Successfully navigating the politics of the ranking process, to the extent that the architect is involved.
Only (b) is really about your ability as an architect, (a) and (c) are more about salesmanship and who you know. There are plenty of good architects who have never had the chance at (a), and other good architects who had both (a) and (b) but still missed out because of (c). So, I think it would be a shame if you weighed having a course in the rankings too heavily, in deciding whether an architect has talent. If Mike Keiser had done so, both David Kidd and I might have been passed over. We were all once on the outside, looking in; and Mike gets enormous credit for being one of the only developers to look past that and go with his instinct.
To answer your last question, I'll refer you back to (a) through (c). The only part I could really control about Pacific Dunes was making the most of the opportunity, which I think we did. Without that, it isn't ranked so highly, and we're not so busy. But that part was about what we built; you generally don't get a course ranked that highly unless you've earned it. The rankings do have a huge impact on who can charge high fees, but in the end that's a product of what you were able to do when you had the opportunity ... to give too much credit to GOLF DIGEST seems a bit misplaced.