I dont think the point is limited to one type of format nor player but Imo it would be legit in any format , vs any opponent/s . The competition itself and how its unfolding as it takes place will still be the primary driving force behind decisions.
I think there's a difference - but I could be wrong as I almost never compete.
Here's my point. There is likely a best way to play a course and score the lowest, week in and week out. If I'm playing a 15 and getting strokes, I'm going to play the exact same way I would if I were out there as a solo trying to shoot my best score by considering risk/reward. I use my best strategy and because of the handicap system, I have a decent chance of winning.
But if I'm not getting strokes, the only way I beat a 15 is to be more aggressive than I normally would and hope I'm a little luckier than normal. I'll likely lose by a greater margin but it's probably going to be the only way to win.
It's no different than being in the lead vs being behind with a few holes left in the competition when evenly matched. The strategy changes because it almost has to.
As I said, I could be wrong.