Originally Posted by HPN-HRL

I'm not NSX, but I agree that your plan should work, assuming nothing in the UR-->Hyatt-->WN path changes.

As long as you transfer from Hyatt to WN in multiples of 50K:
50k UR --> 50k Hyatt -->30K WN RR
Doing this 4 times with your 200K UR will give 120K WN RR

Assuming a rough value of $0.015 to $0.02 per UR point, you are spending $3000-$4000 in UR points to get two things:
1) a CP, and
2) WN RR points worth at most $1666.67 (at 72 RR pts/$; let's hope that this doesn't get devalued any further).

I would try to make sure that you will be using the CP enough to make up the difference between these values.