The way I do it all depends on how far hole is from me. If I'm using a wedge I usually move the dot to bottom for full backspin and ignore the height difference. the ball is practically going up in high parabolic and coming straight down almost. I do adjust for wind slightly in these cases and side to side has more effect than a head or tail wind.
Also when using wedges, try and get as close to distance as you can. Check flop and punch ranges. If using flop, always aim left, it will naturally drift to the right. Trying to play a wedge at less than 3/4 swing can lead to problems, especially if you have a lie in the rough or sand.
Now on that long shot I use very simple method. Usually I go full backspin(dot at bottom) then I look at distance and height. If the hole is higher I divide the height by 1/2 and add to distance. So a 130yrd shot that is 27 up gets 143. Then I adjust for wind if headwind or tailwind. It helps if you are not first shot to green or have notes. This works for flat greens. If the green sloped to the rear I may want to let up a whole club down, or if slopes up I may go with forward spin.
I do this with balls that have NO spin, though I am getting some spin from my clubs. I have just started using balls with spin and seeing little difference.
Things that can go wrong. You can hit the downslope of a mound. If its the front you may be stopped immediately and may roll away from hole. If its on the back you may find your fall catapulted off the green. If the hole is very high and over 120 yrds away it IS going to take good backspin clubs and balls. The stick is a combination of 3 things. The green, does it slope badly in any direction and how much higher is it. The club, are you getting a nice high loft, are you playing with high, med/high or medium club. The ball, did you backspin...regardless of wind. The backspin is going to give you more loft making the ball come down with less forward momentum. This will also make the wind have more effect on distance and if crosswind more side to side movement so adjust accordingly.
Now for something often overlooked. The ding is important. When I first started playing, I simply hit late or early for both drives in wind adjustment and for the slope on putts. Hitting that ding or coming close will help your stick. So if you aren't moving the marker to adjust for the wind, you will be taking a lot of your chances to stick that ball away no matter what clubs or balls you use. Plan ALL your shots. Some fairways have a bad slope to them. You may want to be on the high or low side of it when land for your next shot, this is when notes come in handy. One side of the fairway may give you a better approach than the other. If on the right of the fairway you may have to worry about crossing a bunker to land on a small piece of the green near hole, but if you had played to the left side of fairway you have a long green in front of the hole and an almost straight shot.
Hope this helps.