> With a value of 2.00¢ per Chase point

It's very unclear how you've obtained this value and it absolutely does not match my actual experience.

I've exceeded 2 cents historically with a small number of redemptions (generally UR->Hyatt for particular properties during high demand), but on average I've done nowhere near 2 cents a point. Even 1.5 cents with CSR is dubious, since their booking portal almost never offers the best deal.

All anyone ought to care about is the average redemption value, in which case 2 cents is obviously wrong.

There's a lot of "point value" claims floating around the internet but it would be really nice to see something data driven based on actual user redemptions.