Our relatively near,
"crazy water holes" course (see link); which I helped to install; never did catch on. Though it says established in 2012, that's a misedit, during the redesign entry (evidently), as that course has been around for well more than a decade.
You will see, from the rating, that it's not a "well thought of" course. (Again, I'm not sure what happened to the orginal/now extinct course; (which does not show up, even under those settings), but it was not well regarded either. (Unfortunately, if there were ever pictures of the water holes, they no longer exist.)
I rather enjoyed the course; but, more than 1/2 of the original design was precarious water holes. I went with groups of better than 900 rated players and, in general, anywhere from two to five or more discs would be lost during each visit. Really, it was "too much" even for this level of player; and it never created a "local scene." (From my perspective, this was sort of a positive, as you always "had the course to yourself.")
The redesign took a number of the water holes out of play (unfortunately, it also took the best hole of the course out; and frankly, was not a well thought out redesign). Due to the land available and choice(s) of the new designer, the new holes were placed in areas that without perfect park maintenance; were not good choices.
So, my one experience of what it sounds like you're looking at (as this land was used to store vegetables for food processing...that's what the majority of the ponds original installation was about; and seems pretty similar to what you have); did not create a course that was very appreciated.
In fairness, the way this course was originally designed (which I did not have anything to do with; other than later "tweeks" of said design; during installation of tees), the way the course wrapped around the ponds, highly favored lefties; or forehand right handed players (which, of course, especially in earlier days, went against traditional design). ...and forced "pucker" holes for more than half the round.