Honestly Don, I am not sure I think it possible or not.
I do believe that, given quality land, architects would generally design much better golf holes if they were severely financially constrained, both short term in construction and long term in terms of maintenance. This is because I think that nature often creates the types of quirk, subtlety, and interest that man has trouble replicating. While Tom is much better at hiding his hand than most, he is also excellent at finding golf holes as they exist in nature.
So it is not too much of a stretch at all for me to believe that the most cost effective routing could also be close to the best, or even the very best. IMO, golf would be much better off if architects thought in these terms.
But to say that the most cost efficient routing also happens to be the best is a far different thing than saying this routing is not only the best, it is also the only possible way to get the course built, which is what you suggested. This suggests severe financial constraints on the choices available to Tom, and doesn't really seem to reconcile with Chris's statements about how Tom had free choice of the large parcel, and could have chosen anything he wanted.
To try and understand your point, are you really saying that if Tom had insisted on making ends meet, that a course could not have been built?