So if you're playing a tourney to the long basket, and sink it in the short basket off the tee, is that a gray ace?
That's the consensus term for it as far as I know (quite a few of these multiple permanent baskets on each hole courses here in the northeast). Black ace is landing in a basket on another fairway. Grey ace is landing in the wrong basket on the correct fairway.
I've witnessed a true ace and a grey ace back to back on the same hole.