I think the issue here is math vs perception. I tend to agree that putting is more important. Than driving. ESPECIALLY on courses with more par 4's and 5's. On par 54 courses, I still think it is putting because you can be the best driver in the world...there is an element of luck that comes into play that causes flairs, skips, kisses, and rolls that you can't account for 350' away from a pin. We get more of those on a drive than they do in ball golf. An odd bounce or sprinkler head hit is rare in golf but we see it multiple times per round.
Most people I know walk off the course lamenting the 3-20' putts that they missed. 1 rolling away to 30' and they missed the come back putt. Thats almost 40 ratings points. I NEVER hear anyone walk off the course and say, man, on that 400' hole, I only drove it 375' and missed a putt. If only I had thrown it 385' I would have had a birdie. Thats where Sonic's arguments fall apart. Chainouts and spit throughs are more rare than roll aways and flairs and can be more damaging since they move you out of putting range. Poor luck putting usually results in an easy next putt.