Originally Posted by
T8191
Having just recently discounted with Avios, JER-UK-DUB in CE, ISTR it was 73k Avios to knock £400 off the ticket for 2 pax. Good value? Don't know! But we have plently of Avios, refreshed regularly

Seems the generally accepted value is 1p per Avios whereas that values your 73k Avios at a shade over 0.5p each. But if you've got loads of the things to burn then why not and £400 is a decent chunk of spending money.
For the OP's conundrum if I'd earned that many Avios flying in Y I'd be making damn sure that when they're redeemed it'd be into anything other than that same cabin. It seems a perverse outcome that the reward for a whole stack of economy endurance is enduring yet more economy.