The obvious logical fallacy that is constantly overlooked in the "limit the discs!" argument is that NO, it does NOT make the game "more challenging". It changes the game to favor one type of player and playing style over the other.
In my opinion, that rule would make tournaments fluky, it would introduce much more luck and lessen the effect of skill. If player A and B both hit the tree on a banked fairway and A's disc rolls into the water but B's disc rolls but hits something and stops short, A should be punished doubly by virtue of a penalty stroke on the hole at hand and ALSO have a permanent disadvantage for the rest of the round? How does this make the game better at all?
This rule would be the equivalent of catching a TD off of the net in an Arena Football game...
We've already overanalyzed and asterisked the "McBeth with backups or Jerm the underdog" argument...do we really want to have similar talks every single tournament?