For our first big trip, we booked a package. By the last few months AP hotel discounts had come out, and we did plan on upgrading to APs. But I was interested in getting the package to see what it was all about, so we did spend more money than we had to spend, to do the package.
The seating stuff, meh. the Aladdin seating put us in the "orchestra" section, and we had a hard time really seeing the fullness of some of the big effects. Though I guess they don't fly on the carpet anymore, so that's one effect that we missed (now presenting "the underside of a carpet"!) that isn't really relevant anymore. But people say the normal seats are better for really seeing the show. Also, when we did that seating, we had to check in an hour before then get in line half an hour before. We had come off of TOT, so noticed how very few people were in the normal line when we got into the special line. We then waited until the standby line was already seated, before we got to go to our seats. Waited longer, worse seats...not awesome!
The lanyards...we got our package through Costco Travel, and our lanyards were big and scratchy. By the second day we had ALL replaced ours with ones we liked more, were thinner, and less scratchy. Of course, we had to buy them. Then we disliked the lanyard pouches, and bought replacements for those, too. Not a big savings there!
ToonTown Morning Madness can be worth it if you've got little kids, and if it doesn't rain that morning, like it did for us, LOL. The rain started immediately after the family of the day told the crowd where they were from (the family was our family, and it was rather amusing that as we said we were from western WA it started to RAIN), and all the characters ran for cover. It's not something we would necessarily do again, especially if we never have another little kid.
Honestly, with that big of a difference, now that you KNOW the perks, I probably would just get tickets separately and book hotel-only. But you're the one that gets to decide if those little perks, and the knowledge, are worth it to you!