Lifetime weekend passes without question!
UPDATE 4/3/24:
I will be attending the Masters this year (for the first time!) so I will have to re-assess upon my return. Now that I finally get to be there in person I feel like I would probably rather play
UPDATE 4/16/24:
Back for another update as promised. Can't rave enough about the Masters experience. ANGC does it up right from the free parking, to concessions, to crowd control, to how they treat the players and patrons. The experience is truly top notch and I had an absolute blast. That being said, I think I would rather go earlier in the week for the practice rounds and par 3 contest then watch at home on the weekend.
So to readdress the question, if I got to choose I would take playing at Augusta once over lifetime tickets. The course was immaculate, so much that it looked like they were playing on turf. Absolute perfection. And even though I probably wouldn't break 150 there is no where else as pretty and as perfect as Augusta National.