Jerry,
As some other have mentioned, I think it starts first with how you define OB. For me (at least here), Ill define it as meaning I am forced to re-tee if I miss either badly right or left, whether because I'm strictly OB, in the water/environmental hazard, fescue where I think I have a very low probability of finding the ball, woods to the same effect, rocks, etc.
As a slightly better than average golfer (normally between 9-14 index), who plays more like a 15-20 off the tee, I very much struggle to take an aggressive swing when I know there are no safe misses. This obviously exacerbates my difficulties, and causes me to really struggle on courses with very few (or in some case) no recovery options.
As an example, I recently played Manele Golf Course in Hawaii. From the whites the slope was a modest 126, but 17 of the 18 holes allowed for no recovery options. Unplayable rocks left and right of every hole. For me this plays more like a slope of 140. My home club has a slope of 141, but on almost all holes you can miss to one side, and though it may cost you 1 shot, it wont cost you a minimum of 2.
The best of players obviously don't have this issue. I'm not sure I would say a course as described above can't be good, but it would not be one I would care to play too often. Exceptions would be a course like Ballyneal, where almost all holes are bordered on both sides by Yucca (likely lost but sometimes findable), but the fairways are wide enough that I don't get too tight on the tee.
Playing scared (I wish there was a better word) is no way to spend 4 hours, and that is the unfortunate reality for many on courses as you describe.
From the pictures I've seen, isn't Pine Vally bordered by forest on both sides of almost all the holes?, or does this go in the very generous fairway category?
Mark mentioned Merion below, but I felt that as a good portion of the course played towards the middle of the property, there were safe misses to be had.
Brian