Just wanted to say a huge thanks to the countless people who have contributed to this wiki and thread. I managed to book 2xJ RTW for 280k pts recently (all online!) for what's mainly a UK trip early next year, and it just wouldn't have been a consideration without the great help and advice here. You guys rock
For the curious:
MEL-KIA - MH
KIA - CMB - UL
CMB - LHR - UL
LHR - HND - JL
NRT - MEL - JL
Avoiding QR and BA certainly made a huge difference to the fee $$$s.
Not the most complex itinerary, but I'm choosing to ignore the points spent and thinking of the $ cost as being the cost of the flights, which makes them outrageously cheap.