Yesterday Johnny Miller praised the hole for its strategic value. Jason Kokrak's aggressive tee shot has garnered quite a lot of positive attention, almost as loud as the fervor when John Daly carded an 18 in 1998.
I propose the addition of an island tee. It wouldn't seem out of place. There's probably a location where you could arrive at the ultimate in risk-and-reward for the game's longest players: the drivable-reachable-or-safe-3-shot Par 5.
I envision it roughly 30 yards perpendicular into the lake, possibly 45, from the back tee. It wouldn't make the hole easier. In fact, it could really make it difficult as a two-shotter because the shape of the horseshoe may mean the tee closer to the green is actually further from the safety of the fairway.
Like a short-stacked poker player contemplating an all-in call to possibly triple up at the final table, the strategic options presented would turn this one up to 11. In use for the final round, the expression immediately would be that the tournament doesn't really begin until Hole #6 on Sunday.