Most people would say that points are generally worth about 1.25 cents each. Of course, your own value may vary from that. For someone who travels overseas only occasionally but really really hates flying coach on those routes, they might be willing to "pay" $2000 or $2500 or $3000 for an overseas business class ticket, which they can get for 100,000 points (sometimes). For someone like that, it would probably be a mistake to use 25,000 points for a $400 domestic ticket because they are getting "value" of 1.6 cents per point.

Lacking some special consideration though, you are getting reasonably good value for your 60K points. No one here would say you are foolish to use the miles. (But with the miles what will the ticket cost in fees and surcharges? That's a key point. Are you really saving $1250?)

Any use of miles for a value under 1 cent per point is almost always foolish, unless you really see no good redemption opportunities in the future.

It's also always good to have enough points on hand for an emergency. I remember one time before my wife and I got married, she had a sudden surprise 5-day weekend and a last-minute ticket would have been $2000, but there was a 25,000-mile award ticket available. I'd have been REALLY sad if I didn't have 25,000 points around.