Depends on the situation and what actually lies ahead. I often use a 7 iron punch from a lie like that with full top spin, but the priority is to get the ball back in play - don't get too greedy.
Some occasions a 3I punch can work if you can ensure the ball will land on the f/w, wont go that far and will fly low and run.
But a punch with a wedge, full top spin should go more than 10 feet and really helps to hit the ding on these shots.