I had 1300 Hyatt pts. for many years until recently (Puerto Rico, paid $3500). Gave this to my Ex, but I still help him book things with it. That's another story........... I digress.
If I had to do it over again, I'd buy a unit with more pts. The MFs are the same. I have done "okay", but it's difficult at times.
I love the Sunset Harbor. Hard to believe, but it's very quiet there and it's right off from all the hub-bub. We have been there twice and cannot wait to go back again. The lock off studios are small and the ones I've seen, have no (or not much) view. I have stayed only in one bedrooms, but asked housekeeping if I could peek in when they were cleaning a studio unit on the ground floor.
I am waiting to buy there, but want a high demand winter week. These are almost impossible to trade into unless you're just plain lucky (even trading within the HVC system).
But, if you want Key West in the late spring/early summer, this is not a bad deal, however, 1300 pts. alone, are limiting.