That is true greysub, it only reduces the rated distance by a couple of yards at most.
Dingers, what you need to keep in mind is the elevation of the green and the lip of that bunker. I believe that the shot you are talking about is a good 25-30 feet uphill, so you need the next club up at least to get it there.... be careful though, because now the shot is coming in with a lower trajectory and will be very hard to hold the green. You'll probably end up in the bunker or weeds behind the hole which is a much much harder shot to get close to the hole.
Here is what I've tried to do in the past:
Left to Right wind - Aim left of the bunker and try to skip it out of the rough to the left side of the green, this is a low percentage shot and usually leaves a medium length pitch for an up and down. Sometimes it will pay off but it is a very hard birdie putt.
Right to Left wind - The safe play here is to aim right of the bunker at the front lobe of the green and try to hold the green. Low percentage again but short is an easy pitch to an uphill hole location, and long is a not so easy chip/pitch to a sloping right to left green. So better short than long here.
Head or Tail wind - Take a low trajectory club and try to blast it through the bunker and dribble onto the green. When executed well it can be as close as 10 feet for birdie. Most of the time the lip of the bunker will reject it and you have a relatively easy pitch from the sand or the rough between the sand and the bunker. WARNING: Make sure you do not fly the bunker here... you will be in the trap at the back, or worse, in the weeds. THIS IS THE WORST PLACE TO BE ON THIS HOLE IF YOU WANT TO SAVE PAR!
Hope this helps!
*edit* Ninja'd by YankeeJim but Ninja'd Faterson... 50% is not bad... much better odds than getting birdie on this hole!