I'm on my phone so I won't go into detail to repeat the above post, but if you can't see it all on the mobile version, go to the bottom of the page and select the desktop version of the site and you should be able to read it. Failing that, read rule 26-1 on the USGA rules site.
Wow, what an advantage! I hate to throw stones in a thread about how I broke the rules, but it seems under this approach that you could nearly always end up playing from the fairway with nothing blocking your path to the green. Most shots that go into a lateral start out over the fairway.
At this course (and I'm thinking most courses), hitting into a lateral hazard and hence playing withing two clublengths of where it went in means playing from a terrible place. All of the ponds have pretty sharp slopes on their banks - which means hitting with the ball way below or above your feet. And the creeks are mostly lined with trees like on this hole. When you hit within 2 clublengths, you very likely have tree trunks in your way, overhanging limbs forcing you to hit little knockdowns back into the fairway, hardpan, roots, leaves, straw to hit off of, etc.