I hunted a 20,000 acre high fence operation last year; here's why. I hunt public land, hard, every year. The last couple of years, no luck. And I wanted some elk meat. So this place offered a cow elk (management) hunt for a very reasonable price. The territory was very pretty, so I figured what the heck? Get out and about in some pretty country and bring home some meat, for a reasonable price.
In fact, my guide and I hunted hard for two days, with no luck. On the final (3rd) day, I finally connected. This was NOT a tie the animal up and let the client shoot it kind of hunt. But it also wasn't 100% fair chase. Kind of in between, although closer to a true fair chase. I was happy with this, since it did what I was looking for and I had no illusions that this is what real hunting is always like.
On the other hand, I know that they buy bulls that are pen raised, then set free before the season starts each year. The bull hunters got to look over a lot of bulls before pulling the trigger. I don't consider that sporting at all, and wouldn't be interested in that. The guys who were bragging about the 340 bulls they shot there - that's just wrong in my opinion.
But then there was one guy who's been successfully hunting whitetail for years, a very experienced hunter. He'd been going west for years, trying to get a bull elk. Every time, something went wrong and he never connected. He was getting old, not many years of hunting left, and JUST WANTED TO GET A BULL before he quit hunting. I think most of us can sympathize with the guy.
So, it all kind of depends....