We love doing AKL club level and though we are booking on DVC points, it's well worth it for the extra expense. We eat breakfast at the lounge every day, as well as dinner. Kiddo is far too picky to go for the dinner options there, so we do spend on kid's meals from Mara, but it's a drop in the bucket compared to buying three dinners. We would never get a meal plan while staying Club.
That being said, we do not represent all types of eaters by a long shot. We do book some TS meals for variety, and though they give you unlimited amounts of the hot food, I totally realize how it's not the same as sitting down and ordering from a menu.
For $220, it would be a no-brainer for me! Especially as it includes not only beer and wine, but after-dinner liqueurs as well.