As Stanley Jaki diagnosed in his "Genesis 1 Through the Ages", it was necessary for the Protestants, once they had rejected the infallible magisterium of the Catholic Church, to fall back on some other form of infallibility: that of the Bible. The problem, as Davis Young remarks (px) is that the Bible is not self-interpreting: it must be, as it has always been, interpreted within a certain context of "extra-biblical knowledge", i.e. our knowledge of the world around us which, being God's work, has a lot to say about Him.
That context of extra-biblical knowledge, fortunately, has not stagnated since men first attempted to make sense of the Bible. It has kept expanding and expanding, as observations and improved theories have accumulated in such sciences as geology, biology or geography, requiring ever finer and more informed interpretations of the texts.
In the process, a Biblical book or passage that may rationally have appeared to be historical to some of the greatest minds of the Church may now be revealed to be nothing more than a story, and just as fictional as one of Jesus's parables, whose value does not depend on our finding the bones of the Good Samaritan or the well-preserved oil-lamps of the foolish virgins buried somewhere on mount Ararat.
Taking the story of Noah as an example of the way increasing extra-biblical knowledge has transformed our understanding of Scripture, Young does for it what Jaki did (less charitably perhaps, but with a sounder ecclesiology) for Genesis 1, retracing more than two millenia of intellectual perplexity and progress in order to shed light on modern controversies.
Young clearly shows how problematic certain interpretations have become in the light of what we now know of the way things work: for countless evidential reasons, none of which have to do with "the rationalistic preconceptions of recent centuries", or any bias inherent in modern science other than a fondness for keeping one's eyes open, a literal reading of the Noah story has become untenable, all the efforts of the Woodmorappes of the world to make the impossible look plausible notwithstanding.
The book is not without its flaws. Being a Protestant, the author seems to believe in a Frankenstein monster of a "church" consisting of the Catholic Church until 1517, and then of the collective body of Protestants after that date, seen as having some sort of organic unity and as being continuous with the pre-Reform Catholic Church, while virtually none of the members of the post-1517 Church are deemed worthy of intellectual discussion, let alone of inclusion in the list of the "premier minds" of "the church."
Interestingly, when it comes to determining which aspects of the interpretation of the Bible are "non-negotiable", i.e. impervious to reinterpretation in the light of new evidence, Young has to fall back on pre-1517 decisions of the Catholic Church, since it seems hard to imagine how his patchwork "church" could ever produce any "settled interpretations" of its own (p308.)
That said, I highly recommend "The Biblical Flood" to anybody who wants to know what to think of the very vocal and self-assured defense made by certain modern Christians of a geographically or anthropologically universal Flood.