Once the WF points you earn are at ~par in assigned value with Chase/C1/AMEX/Bilt this feels like a death knell for earning on any hotel card for raw return on spend (aside from elite status nights for spend, free night bonuses for spend, , and of course simply holding a card might offer free room nights, elite status, more nights for less points if you hold a card etc). Were WF points at 1.7 cpp value that's 8.5% return on spend.

WF Autograph Journey: 5x1.7= 8.5% return on spend (this is what I peg all those transferrable point programs at)
Hilton: 14x.5=7% return on spend
WoH card: 4x1.5= 6% return on spend
IHG Premier: 10x.5=5% return on spend
Marriott: 6x.7=4.2% return on spend

(All my numbers, plug in your own if you like)