I have always considered 1 mile about equal to 2 Hhonors points. Some things to consider:

**Miles can be tough to use (capacity controls), I have found HHonors points easier to use.

**You do not earn miles or especially status using airline miles, this is an issue if you are generally close to a status level like me. Hilton is now giving stay credit for award stays. This is not an issue if you typically use miles for upgrades.

Hope this helps