Thanks for the replies and the great points so far.
Forgot to add that since I fly J for biz and a mix of Y/J for personal, the main benefit of status is getting lounge access for my family when we travel together.
Any experience how lenient the lounge is with allowing wife, 4 year old child and a new born into the lounge under Gold status which technically only allows one additional guest?
If that’s pushing it as a gold member then it might be worth it to me to shell out to get Diamond if that guarantees the whole family lounge access.