Jordan,
I think you have it right. First, the slope is from the back tees. Colbert Hills at 151 is 7480 yards, and from the backs, most holes require 180 + carries. We have wide corridors, but there are native grasses outside of that. I don't think the hazards or greens themselves are that difficult.
The Quarry is a bit less than that, and I recall they rated it while much of the fescue blends had been left high by the super. The rating committee felt the course was very narrow, when in fact its not that way now. So, they have the best of both worlds, they can advertise a high slope rating and the golfer comes off with a decent score. Win win for everyone, I guess.