I agree with DisneyMomma, a split might be a good place to start. We usually stay at the DLH, but last weekend we opted for Hojo's since we had no kids. It was lovely there, the retro rates were amazing and the walk just as far as walking down the entire length of DTD to the park from the DLH. While I didn't feel the magic at Hojo's, I didn't really need to because of having no kids. We're returning in October and thinking of doing a split stay. As of right now, we have a retro room booked at Hojo's, but we're thinking of doing 2 days at Hojo's and 2 days at GCH, depending on what kind of rates come up as it gets closer.
Overall, it's just the feel of staying on site that is more magical to me and my family. Also, since we're AP holders, it's definitely nice to have magic morning. I think the amount of stuff we get done in those MM's make it worth it. We usually average 3-4 MM's during our trips and since we have little ones, that Fantasyland MM time is sooooo nice!!