Hell, my local Par 3 is by far a more difficult course than many of the regulation courses I play. Most holes are in the 110-130 range, there's a couple holes under 100, a couple over 130. Water is in play on all of them. Elevation changes galore. Nasty bunkers on every hole. I've lost more balls on that nine hole Par 3 than I have on multiple 18-hole walks on other courses. I'm thinking an ace out there counts.
I'd love to ace the 7th, there. 135 yards over water for about 120 of it to about a fifteen foot wide landing area of green. Bunkers at the front, bunkers at the back. Too short you're in the lake, too long you're in the forest. Go left and you're hitting the side of a hill and shooting back into the lake. Go right and you're in a ravine.
It's akin to playing the 17th at Sawgrass over and over and over, and I think the exaggeration is only minor.