I took the refund for our Alaska cruise instead of the 125% (we were PIF before sailings stopped). At the time I wasn't sure it was the right choice, as I hoped to do Alaska next summer instead. We also had the OBB discount. My husband wasn't comfortable loaning Disney that much money and insisted on a full refund.
Now I'm thinking that we wouldn't be sailing next summer anyway and made the choice then that we'd be making anyway.
Hoping I'm wrong.