Frequentflyer99, I am in exactly the same position

; I was in the process of registering a Tesco CC (thanks Dad) and planned on moving my BAEC account to the UK for 6 months.
Now I am stuck with over 400k in MR. I have been searching for options and it seems to me that the Travel package is the best use of MR, even if I decide not to use the hotel booking. Buying a package would cost me 1.96 MR points per BA mile versus the 2.5 MR points per BA mile using the direct conversion.