Everyone values status differently, but manufacturing a significant number of LPs for EP given anticipated light travel doesn’t seem worth it. PPRO is the sweet spot of the program with OWE etc. Definitely hit the 175k level though as you've made it this far!

And, as Pinned noted, upgrades (and placement on the standby list) compete with those with higher LPs so there isn’t much of an incremental benefit over PPRO. Being 9 of 30 on the upgrade list is the same as 12 of 30 when there’s only one seat left.

My personal experience is that you need to have a significant number of rolling LPs (450k plus) to consistently be towards the top or have upgrades clear (provided there is space).