Thanks one and all for the surprising (to me) analysis. Just going by the name "First Class", who would have thought that "Business Class" would be superior. Just out of curiosity, what kind of extras does the move up to First on a 767-200 give you over what you get in Business (other than slightly larger seats according to seatguru.com)? Not that I'll ever get to experience that, absent some against-astronomical-odds op UPG.
One other question: since I'll get EXP in September and the use of 8 VIPOWs, how does Business on an AA 777 to LHR, for example, compare to Business on a 767-200 from JFK-LAX?