No, 1 QF points does not equal to 1 KF point. Each frequent flyer program have their own different earn and burn rates so points, so its like comparing apples and oranges.
With SQ awards, there are three types of awards available per class of flight. They are Saver, Standard and Full awards. You get best value by redeeming Saver awards as they require less points but generally are less available. Then there are Standard Awards where it requires more points but award inventory opens up a bit more (especially in premium cabins) and then there are Full Awards, full points required which usually cost a tonne of points but alot of seats seem to be available. I don't think I know anyone who has booked a Full Award yet
With respect to the Miles Balance column, well that is what it is - the balance of your points if you redeem the respective award flights. I can work out your current balance being 404,921 points
