At a conceptual level, if the issue is courage, romanticism & art vs. control-your-risks cold calculation, I think the answer was determined over the board in the late 1800's. But not 100%. Methinks Capablanca, Tal, Fisher (some examples) found room to show that art still could work.
At a personal level, I can say that if I'm playing someone who's much better than I am, I am way happy to achieve a draw. I can gloat to myself over some of these for a week (i.e., until the next club meeting...) So there's that.
Do you find satisfaction in playing a good defense against stronger forces?
As for running high-level tournaments/matches: wasn't it Fisher's idea to make draws meaningless - no points for anyone ?
Because true romantics see draws as even bitter than defeat.
My idea for the top tournament :
Win : 1 point
Loss : 0 point
Draw : -1 point
It seems crazy but it's exactly like that our ancestors created romantic chess. There was an unspoken rule to arrange an insterresting fight on the board. Anderssen, morphy etc... they all played like that accepting all sacrifices.
This rule would have both players always tries their outmost to create a fight.
I prefer both players trying to play accurate.
They're not playing accurately they're playing with the draw in their pocket "just in case".
Again imagine this other scenario :
More than 200 players in a big single elimination tournament.
Except this time only winner goes on to the next stage .
Everyobody would play for the win with black or white. Cause 1 loss, 1 draw and you go home.
Only the brave would get to the quarter, the semi and finally the final.
And the one who would win the tournament...
Would have won every game he played !
A truly romantic performance. A la bobby fisher.
Would you say that players in this tournament wouldn't play accurately ? If they wouldn't their opponent would take advantage of their misplay and play for the win themselves.
Tal played accurately it was a romantic design-to-win style of play anyway.
Players needs to play accurately AND create chances. That's what a truly great player do.
It's like in entrepreneurship, A good entrepreneur take risk it's not just "someone who doesn't make mistakes".