I'm with Gord - let's attack both angles. Considering just the loft changes over the past 70 years, it's no wonder we're hitting it longer - our 5
irons are between 4 and 6 degrees stronger than they were 70 years ago!
That said, I love the idea of setting up courses that force tough choices - try the long bomb over the hazard (sand, rough, whatever), or lay up.
PGA TV is trying so hard to create drama during events, I think there'd be more drama is someone is tied going into the last 3 holes, and is facing a split fairway with some thick rough right about where their driver would land. Meanwhile their opponent caught it on the screws and flew the danger. THAT would make drama.
I've played a few courses where trouble lies ~ 250 off the tee (the avg distance for avg golfers), forcing a choice. These same courses have nice things like split fairways (still wide, but the risk/reward thing is fun to factor in).
Speaking of SimGolf - I do the same thing with 2 of my 4 par 5s - force 'guts and glory' shots from the tee. My other par 5 is a freeway style, and my 4th is a monster, designed to produce bogeys. Par 3's I do a shortie ( <100 yds), a midrange ~150, a 230 yd par 3, and a dogleg 3.