No reason to use TPG's point valuation. Use your own point valuation. If anything, 2cpp is an awful value for MR. You usually get crappy in the 1-1.3cpp range when flying domestic economy, and very good 3cpp+ if you fly international business/first class. If you're MSing 7 Freedoms to the tune of 52,500 UR/quarter and 4 Custom Cash cards to the tune of 10k TYP per month, are you really getting any incremental value out of MR?