Though not a modern golf course, the 7th at Holston Hills is a good example of having alternate fairways that give the player two good options.
The safe play is to the lower right fairway, avoiding having to play over the fronting pond as well as having to challenge the big hill where the higher left fairway is located. This lower level does leave the player with a blind second shot, which will likely play longer than from above, but seeing as the hole is a par 5, pretty much all the trouble on the hole has been avoided and birdie is still in play.
The bold play is to the upper fairway which is canted enough from left to right to allow for some turbo boosting roll, having just watched some bombers take it deep there yesterday, leaving less than 200 yards to the pin. The risk there is the deep fescue rough left of the fairway, which is a magnet for golf balls struck by yours truly.