I like the "answer" a lot. This is the first time I've read this discussion. As soon as I read the situation, I thought 3i. If I flush it, I'm on the green with a long eagle putt (assuming a solid bounce when it lands). And I'm happy because my lag putting is usually spot on. If I miss it, I'm probably fairly close and chipping straight-on at the pin. Not my best play, but I'm still going to have better results than laying up to a full wedge, statistically speaking. I'm not hitting a cut 3w, because I'm just not that accurate with that club. When I pull a 3w, I'm typically trying to hit it as far as possible, not to a particular yardage. That leaves a lot up to chance.
Great discussion though. I love the setup and some of the responses.