David,
I think Pebble has 6 or 7 of the most scenic holes on the planet, but the rest of the course doesn't stand up to it's lofty ranking. You need 18 solid strategic holes to be ranked that highly, not a couple of great holes and a lot of pretty views. As for the Trails, I think #14 makes no sense on a resort course that most guests play only once or twice. Maybe on a private course that members play dozens of times it would be a fun hole. I think the best reason to play the Trails is to have an afternoon round off the water during the windy season, and in short order Old Mac will likely be a MUCH better option.
How about some other folks personal list over and under rated vs. the mags?