Re: 2nd paragraph. More goes into the 'take 3's or layups'. That style of play is basically what Houston Rockets did this year, and sometimes it's efficient, but other times it's not. If it is so good (as Cricket Analyst suggests) then they'd have beaten San Antonio. There goes more into basketball however, like how early you take your shots, assists, open looks etc. That's why GSW are the best team because they are efficient on a whole other level. About 75% (or more probably) of their field goals are assisted, which shows the tempo they play in and the intensity they have.
And if you disregard the mid-range jumper then you're disregarding one if the GOATs that is MJ. He did what he was undoubtedly amazing at and was a huge success at the Bulls. So in this regard, 3's or layups are out of the question.
The argument in cricket and basketball is not about shot selection - if it was everyone would only go for 6's and 3's respectively - but it's about efficiency. Do what you're good at and stick to it. That's why Azhar will never be successful in ODIs since he's good with his temperament but not his ability for strokeplay.
Of course your first paragraph I agree with, and again that relates back to efficiency. Players want to play the bad balls but not get bogged down by the good balls. In this day and age boundaries are more important, however singles are needed to force proceedings, regardless of the situation. About 30% of dot balls in an innings is normal, even 35. But boundaries is the difference between 270 and 330.