The rooms at Port Orleans and the Caribbean Beach are no bigger (and in some cases smaller) than a DVC studio yet they are considerably more points. In addition you do not get the kitchenette. They are, of course, your points, but using them at the Moderates really isn't a great value.
Plus you have to pay the $95 fee. I've only used points at a moderate once for 1 night last year when no DVC resorts were available 3 weeks out. That was before the fee.