F. Scott Fitzgerald uses the latter type of ambiguity with notable effect in his novel The Great Gatsby.
ˈɛf. skˈɑːt fɪtsdʒˈɛɹəld jˈuːsᵻz ðə lˈæɾɚ tˈaɪp ʌv ˌæmbɪɡjˈuːɪɾi wɪð nˈoʊɾəbəl ɪfˈɛkt ɪn hɪz nˈɑːvəl ðə ɡɹˈeɪt ɡˈætsbi.