I'm having trouble evaluating the best way to take advantage of my points and miles for a particular route...

I want to book one way from SCQ (Santiago de Compostela) to DBV (Dubrovnik) on August 25

Cost on Iberia is $200 or 13,250 +$27.53. I calculated a value of 1.3 cents per point but not sure I did that right and I'm not sure if that's a good value.
I would have to transfer the points from Ultimate Rewards to my Iberia account. I have 198,000 UR points. I have the Sapphire Reserve.

OR use UR travel center to book the flight for $199 or 13,275 points

OR use Capital One points to cover the cost of the ticket. I have 120,000 Capital One points

Which would give me the highest value? Or any other ideas?