Adrian,
Great thread.
I played SR on my first trip to Bandon in November. I loved it. Rather than thinking of your question from a technical point of view, I'm reacting to it from a "user experience" point of view.
The first at Sheep Ranch isn't very complicated, but wow, what an intro to the course. From the tee you can see a ghost tree on the left edge of the fairway, introducing one theme of the course, then when you crest the ridge - boom! - everything unfolds beneath you to the south. You're walking along the high northern edge of the property, with a spectacular view south to the rest of the resort. The first green takes your breath away, then you turn back inland to play the second.
I also love capping that experience with 16 and 17 coming back to the first, capitalizing on the same amazing setting.