I liked the old 16 but the new one is fine, too. I've only played the new one from the whites. Having to throw past that single tree in the middle of the fairway adds a fair challenge to the hole. As a righty, you want to land a the crest of the hill and skip towards the basket, I imagine.
Personally, I think the course is a little easier than I remember it. Then again, I might be thinking of the original Loco IV layout.