Looking forward to the sign on bonus - I doubt in the AU market it will get traction without that.
So at 1000 points = 800 miles (except NZ), which offers the best conversation rate, and separately benefits of *G
(to the above not all people spending $60K travel in business/first, and not all travel is for work, some of us travel with our families) FT can have a skewed membership base ;-)
KF