Star Alliannce Award to BOM
I think redemption of 120K miles for EWR-FRA-BOM on upgraded LH's 747's or 748's to DEL are even better. Gives you a chances to sample LH's superior product and perhaps stretch your legs with a brief stop at FRA. You can even sample decent food offerings at the FRA LH lounges. Stretch a bit to 140K redemption and you can fly first and avail the FCL/FCT at FRA or MUC!
Check actual availability on ANA (if you have an account) or AwardNexus.com as United.com tends to display ghost availability especially more than T-14 days.