Tim,
Yes, I think yours may be a better phrase, although it's not as catchy.
I'll be first in to say that the Golden Age courses will often qualify, having sort of aged into the sweet spot. They aren't overly long, like modern courses tend to be, nor spread out. And, while they may have been designed to be difficult in their day, with new tech, they are really quite moderate in tee to green difficulty, although some, if green speeds get up, may be harder on the greens. Until recently, perhaps their ancient irrigation systems actually kept the course a bit firm and running (not universal, I know).
Based on my three playing of Royal Melbourne over two days, I think it qualifies in spades. Me, and 80's shooter and my then wife, shooting in the 120's+, both made it around in 2 hours and 45 minutes each time, both shooting about our average score. Fast play, good score, beautiful course? What's not to like every day?
There must be 100's of others. When I grew up in Chicago, nearly every less well known country club was at least close to fitting that bill. For some reason, I have never been as fond of the mid level clubs here in DFW. Also agree that playing a Raynor every day, like Shoreacres, would be a blast for similar reasons above.