Tim,
I was actually answering Bob's response incorrectly, not Cliff's question, and I (for some strange reason) got to thinking of which was the better housing course, not which was a better model for a housing course. I think Cypress' model is virtually ideal (using the best or mostly best land for the course, on one central part of the property, having the housing on the exterior, as out of sight as possible), one I hope that the 3rd and 4th courses at Bandon follow.
Based on Bandon's expansion plans (straight from their web site) I posted a little while ago, I was a little afraid of the possibility of too much development around those courses, especially the 3rd.