That the big names were designing everything to host some mythical tournament that might show up is a big problem. That said, I think Fazio made his name designing playable courses for aging memberships at a time when the others were designing those mythical tournament courses.
The idea of make or break holes near the end of the round does make sense for any course where there will be even friendly daily competitions between foursomes. I believe the risk-reward ratio alters towards the risk side as the round goes on. Who typically takes a big carry, do or die, risk on the first hole? Too many holes to make it up to make it worth the risk. *(Yes, Arnie won his US Open by doing so) But, getting towards the end of a $5 bet match, trying to drive a green, feather closer to a pin, or make the heroic carry starts to be more necessary if you are down, and there isn't a second place paycheck, just the satisfaction of winning or sorrow of losing to your best golf bud. That thought process probably starts somewhere on the back nine, and more likely as each hole is played, given averages.