I don't accept the argument.
The golfer's task should be in which battles to engage and from which to retreat.
Choose to engage and you accept the consequences of brinksmanship - an act which is by its definition fraught with peril. And the most thrilling peril (to me) is that for which the penalty is extreme and often unknown.
If we accept golf as a gambler's game (even for those who don't wager), then isn't the price for glory defined by its odds?
In Bob's example, for instance, the golfer is trying to pull off a shot that will give him a kick-in birdie on the Road Hole (the Road Hole!). To attempt such an outcome, one should not be able to make a simple stroke-for-stroke barter. The course says "You want birdie here, mister? OK, I'll give you 3-to-1 odds!!" And the odds do NOT refer to how many times out of 3 you'll pull it off, but rather the toll you'll pay for missing your mark. Tempt the line between greatness and garbage and you'll likely pay three strokes.
Don't get me wrong, many (even most?) shots can/should be "even" odds. And that's fine. But when it comes to memory-makers, we (I, anyway) don't generally include memories of simple bogey/birdie gambles in my golf life-story narratives.
I either remember shots that I executed well under the external pressure of competition -or- I recall times when I took the fool/hero route and somehow pulled it off or failed in grand style. I rarely remember the shots for which the worst outcome was a simple added stroke.
JMO, natch. But anytime someone says "that's unfair" for a shot that offers safe retreat somewhere else, my first instinct is to say "Then you misjudged the risk and your appetite for it."