Again - I am sure that it depends from one individual to another, I just wanted to point out the cost variance. On average, it is going to cost $2,268 more per week to rent points for a 1BR vs a Studio. I don't know about you, but I don't think it would be physically possible for my wife and I to consume $283 of food per day, every day, for a week - to make up that difference.
Everyone's vacation needs, wants, and desires are difference of course, and if it worked for you - more power to you and I am happy for you. I was just point out that you are likely unusual in this situation and that for most folks, this wouldn't be a fiscally sound choice.
For us - several evenings, we would wander over the the ABC store and grab some lovely food - cooked fresh, with a bottle of wine or some 'Hawaiian Sun' cans, and usually even get a dessert - and our total bill at checkout was usually around $30-$40, depending on the wine we picked. We would usually bring this over to the beach to sit and enjoy our meal while watching the sunset.