We hope to add club level access to our WL trip in February. We love the Old Faithful Club. It has good food, friendly CM's and a great view of the lobby from the lounge. We get the most value from the lounge by eating both breakfast and dinner there. And of course, I have to have dessert, too. Then we usually have a table service lunch somewhere else.
As far as the rooms go on the 7th floor, almost all of them have the deep dormer balconies that you have to stand to see out of. I like to watch the fireworks, so I would request a resort view rather than the courtyard.

I'm not a fan of the dormer balconies, so we book a regular room and add club level if we are traveling without extended family.