MMB and DVC Lounge

[LoveToDisney]

I searched for an answer to my question but those threads have been closed back in March so no recent info. We were wondering if the wait is long for the MK lounge when one has purchased the MMB. We do not have MMB and when we got on the list (about 11am) on the day we visited, there were about 50 families that had signed up to visit on the waitlist before us. If we had purchased MMB, I assume we would have been let in immediately or very soon. Shortly before the afternoon parade, we decided to return to the area and see if more families would clear the lounge to see the parade and we might get to the top of the list. We were finally alerted that we were at the top of the list around parade time. While we were waiting outside, they told families that asked to get in that the waitlist was full. While we were inside, there were many empty seats at the long tables....we assumed that was because they had to save them for possible MMB families that would visit but no one told us that.
If we buy MMB, it would only be for the option to get into the MK lounge with a reasonable wait since we already have Photopass on our annual pass and we don't need the OTU points or exchanges. I know some think it is silly to pay for the "immediate" lounge access, but we think people are silly for some of the other things they purchase so each of us has our priorities.
I would love to hear actual experiences with wait times WITH and WITHOUT MMB. Please don't argue so this thread gets closed down. Thanks!!