AMEX Centurion - Is it better to convert Amex MR points directly to Krisflyer or via Velocity points?

Amex Centurion are offering 30% more for transfers to Velocity Frequent Flyer to then transfer to Kris Flyer I think it’s still better to transfer straight to Kris Flyer from Amex. Do you agree?

As the transfer rate between KF and VFF is 1.35, you will still come out short via VFF.