Personally, I try not to use miles unless I'm getting 2 cents per mile, or better, in economy class. Your redemption isn't quite there for me, but sometimes it's better to use the miles and keep the cash if you're a bit short on the latter. It's a personal call and not a bad redemption, but could be better.

I think good cash deals will be pretty readily available once things settle down and open back up. I would save the miles, and preferably in my Chase account if there was a less expensive card I could downgrade to, maybe? If forced to transfer them, pooling them with other points isn't a bad plan.