Usually I play this shot with my 60, open up the clubface at least 45 degrees, adjust the stance and play a regular chip at least for the first 2 yards on the green.
Better to have a comeback put with a chance to up&down, than to leave it short and have to chip again.
Thanks Michi. You are right on the money. Definitely, I feel a lot better with this shot if I accept the comeback putt. Its hard to imagine that the safest route to the hole is farther away, but it works. I made two shots like this in my last outing. Drilled both putts.
The three foot circle is three feet in the back too. ;P