Agree with this. If you eat a big brunch (it's the best meal of the day), then you can wing it on dinner and still eat well. I was only Gold when I was there and I paid for breakfast, but it's not expensive at all for what it is - U.S. $30 all in.

There are two happy hours a day, one by the pool at Wet 4-6 and one at Sip over the water 8-10. Most days I had a (well two) drinks at each happy hour, and they have interesting spiced roasted nuts at Wet. I had a "formal" dinner only two nights, once at Kitchen, once at Fire. At Fire, the key is knowing you get all the sides with your order - I didn' t have an app or dessert and it would have been overkill. The steak was meh but at that the value was fine. I didn't drink at dinner. The other times I just had something at the bar - Sashimi platter at Sip, or the Maldivian tuna salad at Wet (my favorite thing at the resort, though a Maldivian friend said it isn't really Maldivian). You can actually order off of any menu from the resort sitting at Sip.

I don't eat sweets so I didn't partake of the free popsicles/ice cream bars in the afternoon.

In the end my F&B bill was I thought quite reasonable.

TL/DR: Eat a big brunch. Eat the free snacks if you like them. Take advantage of happy hours. Don't overdo with formal dinners - it's the appetizers, desserts and drinking at dinner that kill you (even water, I fell for "do you want water" thing one night - the only annoying thing about this otherwise lovely resort).