I just bought a resale and had some "reservation" status points I had to use by the end of my UY, so since I already planned to go to DL, I figured it was a good way to use them and not lose them. Truthfully I think that if you are happy using them there, then go for it. I know I wouldn't be able to use them anywhere else in my case and with lack of AP rates for the summer (so far) this is a much better deal. I don't know how lucky I would be to get a good view at the hotel, but just as an FYI, you can use about the same amount of points and go for a upper level resort view at DLH. And from what I've been told, the views at GC are really nice no matter where you stay. I guess I am not one for a view anyway since I don't plan on spending *too* much time in the room.
Scratch42, just wanted to let you know that even though there isn't that cruise going on when I am going, I was able to book the room less than 60 days out, so it might not be that hard to do.