Yes, Victoria National is among Fazio's very best works but it should be as the property was so special/unique with which to begin.
The severe 16th green complex should never have had a tee built past ~160 yards from the green and something doesn't make sense with the split 13th fairway but in both instances, I am led to believe the owner was involved. Otherwise, the design is very solid with wide fairways to make the course playable on a regular basis and as you say, a fine set of greens. Holes 2, 3, and 12 are great favorites in particular.
Also, personally I appreciate the time and thought that has gone into making the course walker friendly. Unlike many of Fazio's high profile courses like Wild Dunes and Wade Hampton, this isn't a housing development track. Thus, I imagine the peace and solitude that the course affords the golfer in the late afternoon as the shadows lengthen must be truly special.
A Shell's Wonderful World of Golf match play (more so than stroke) should be contested here. Seeing an ace golfer give the two shot 12th a go from the tee or the 15th green a crack in two from a downhill lie would be great fun.
Cheers,