It looks like the OP is saying, both - maybe adding on a nightly points rental to an II exchange?
Anyway, I don't think the views are ever mentioned on II exchange confirmations, especially when an entire resort exchanges under a single resort ID code, like DBW. If so, II exchange guests could be given a room anywhere in the resort that the front desk chooses to assign them a room for the week.
A guest with an II confirmation (and conf. #) may call Member Services to request that their reservations be linked (either 2 consecutive weeks of exchanges or an exchange week plus a points rental stay). However, it's not guaranteed and if the points reservation is for a view category that's different from where the resort needs to assign the exchange week, there's no way to avoid switching rooms.
II exchangers are often considered last at timeshare resorts.

They don't own there and they're not bringing in daily rental revenue. However, at BWV, since the standard view rooms book up so quickly, and they're probably usually booked for less than a full week (point-stretching DVCers), it seems like preferred view rooms would be more readily available for a weeklong room assignment. BoardWalk view is more desirable than regular preferred view, so if the front desk can give it to a DVC member over an II exchanger, I'd think they'd do that. But this is all just my own guessing.