LordEmery had a thread about 'Measuring out your tee shots'; which sort-of ties in with what I wanted to post:
I know the (my) range's markers well, and I know my handful of courses well - at least I thought so. It was more out of interest that I descended upon
inter alia my home driving range, home club and another 'favourite' course from the vantage point of Google Earth.
Then I started playing 'round with the distance/measuring tool (a ruler icon) that can do miles, yards, meters, kilometers etc ('calibratable' to suit the/your relevant altitude) with seemingly pretty good accuracy (heck, I don't own a GPS, so this was nearest next-best-bet) and found that on the courses my distances were not quite what I thought they were. (OK, there
is a serious lack of distance posting (boards) around both courses, and the hole distances [at the tees] are the same - and on the same boards - as in 1652 when they were put up.)
Point is I could look down on a hole from about <300 - 500 meters up, compensate for the forward- or aft-shifted tee markers, fairway placements & flag positions, and place my ball/drive/shot to a point where I know I've driven/clubbed it. I'd say you cannot have an accuracy error of more than 5 to (at most) 10 yards* from that height. (You can of course take view from any altitude, though things do get a bit fuzzy from 3'000 miles up

)
Keep in mind that you'll have to mentally compensate/account for lofted tees, downhills, inclines etc; but if anything it's cool to see your course(s) from the air. First thing I said to the wife was:
"Here's to where I drove that ball on the 3-rd, and that $%^@ Andre drove it to here (pointing aggressively, spitting, hissing... )", or
"... and here's where ol' Werner shocked himself on the electric (hot-shot) fence..." etc.
I think next time I might just print a pic of the course and plot my play as I plod, and whoever I'm playing against - just for reference during the week.
PS: For those who don't know, Google Earth is a fantastic freeware program and a great all-round tool which can keep you busy for hours... hope I haven't bored too many GRs with 'old hat'.
*PSPS: GE does not seem to account for relevant ground elevation - readings are at mean sea-level. For us at the coast it's OK, but for accurate inland readings you might want to verify/calibrate it using a known measure (length of a street, local football field etc.)