I go with the points 100% of the time. Most of my stays are for 1 night, and I'm getting in to the hotel either right before I go out to dinner, or right after dinner and I'm getting ready to go to bed.
Over the course of 30 stays a year, it comes out to be about 22k more points annually (I do a good bit of HP stays unfortunately and only get 500 there) - still a free Cat 6 night in the year just from 1Ws though.