Proper course management is the best approach. Now if that means you have confidence in your 3-wood to make the shot consistently each time you're faced with this type of shot, then go for it! But to "go for it" for the sake of going for it, then that's just bad golf and doesn't help you post low scores.
Time and again I run into golfers who think they're "Tin Cup" or make a movie reference while they're playing in a round and or try to pull off a shot that is outside their skill level.
There is a big difference between professional and amateur golf. Once an amateur golfer can recognize that they are playing at a certain level, then they can start to see improvement in their game. The ideal is to make the game as "boring" as possible, meaning to avoid hitting into trouble and aiming to post a low score. I know that this mind-set might not be popular with some golfers, but you have to realize that the golf course architect puts challenges such as a 230 yard approach shot to a green protected by water there for a reason.