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ask-redweek-timeshare-points-vs-week (by Jane H.):

We own both traditional weeks and points through Marriott and Resorts West. We use our traditional weeks for properties we like to return to every year. We have learned to make reservations well in advance to insure that we get the dates we desired. On the other hand we have found points to be invaluable in many ways - we can extend time spent on our "weeks" reservation, travel less expensively during slower seasons, and book smaller units, for less points when we are not in need of a full two bedroom. Additionally, points memberships allow us to travel for less than a traditional week, if we want to get away for a few days. We love the flexibility.