I don't know if US miles gives better deals, but in EU (Flying Blue, KLM) Amsterdam-Munich (1hr flight) business class is 52k miles. Amsterdam - Los Angeles business class goes for 550k miles. For 1 passenger.
This was 70k round trip SFO-OSL, for 1 passenger. In general, good deals on international flying is the main win with points. Domestic can be useful too, but usually less so.
