I thought I would chime in too.
I agree with Jimmy that worth/value is very subjective.
Let’s check out the costs difference. 64000 Velocity points +US 190 (for the 2 legs). For 29 hours flight.
What could 64000 Velocity points get you? I know off the top of my head it costs 65000 pts to get from AU east coast to Singapore in business class (Singapore Air).
Personally, if I do not have any better plans with the Velocity points and don’t mind paying the minimal cash component, I would definitely go for the apartment.
First class is getting rarer and rarer. Hence, I would definitely try it if its available. However, I have heard the experience is very inconsistent and heavily dependent on the crew you get. There has also been very aggressive cost cutting and ‘cheapening’ of the experience.
Whatever your choice, hope you enjoy your flight. It is a very long flight.