Going O/T here, but....
I just had a quick look at LH M+M program. 4 levels, like QF. But the top 2, which is equivalent to QF SG and QF WP, get upgrade vouchers, like almost every other airline out there, oh, except QF (not including LCC's, obviously). I suspect that LH would probably have a CL/Concierge Key tier too.
Miles & More - Miles & More status levels
Hon Circle Member status on LH. Boy, that's a lot of flying. I take it, it's all BIS too?
Getting HON is not a case of BIS miles - it's HON Circle miles. Basically the same as status miles except they are only counted if you fly with LH-group metal (i.e. Star Alliance status miles don't count).
Someone did some rough math on how cheap could you achieve HON. Not only would you have to fly a
lot, but the "cost" of HON was apparently no less than EUR 15,000.
M+M is worth the benefits you receive (although awards are a bit tough to come by and upgrades are not as easy to use as you think), but that is why it is
so difficult to achieve each of the statuses. If you fly a lot of premium (paid, not award, of course) then it is a good choice of program.
Almost every Star Alliance program gives their top tiers upgrade vouchers good for a one class upgrade on any single sector with a usual exception of ultra-long haul sectors (which demand two units). To compensate, it is pretty difficult (dollar for dollar) to get top tier on most Star Alliance programs (to get mere Star Gold isn't too bad on a few of them); oh, and BD doesn't count
(mind you, Diamond Club and BD itself is being enhanced pretty quickly as we speak).
QF WP is a relatively easier tier to achieve compared to some programs out there. Perhaps that's a compensation for the lack of other benefits compared to what you see out there for other programs. Then again, anyone in QFF would know by now that QF aren't a trigger-happy upgrading airline anyway (only in recent times have we seen so much "generous" upgrading on international flights, both points and op-ups), so whilst they have offered flight upgrade certificates in the past, what makes you think they'll have them now?
In some cases, being WP is still good
per se because you are pretty much on the top (save for CLs) of upgrade and op-up lists. Also, calling in favours at QF Premium (bless those people!) is a lot easier as a WP than not (of course, without WP you couldn't call Premium!)
AA EXP is probably the only other comparable if not better
oneworld top tier, who not only are AA's top fliers but also get a whole bunch of upgrade vouchers thrown at them. Probably not a bad idea because most people here could use an upgrade or two when flying AA metal
. BAEC Gold is only good once you get GGL and much higher (something like 3.5-5 times bare BAEC Gold qualification, which gives you a lot more benefits) - and mind you that's pretty ****ing tough (and also impossible for Antipodean residents)! Not sure about CX Marco Polo Diamond, although I hear they're getting enhanced too (oh who am I kidding - which FFPs around the world
aren't getting enhanced?).
Closer to home, someone said that to run for NZ Gold (not Gold Elite), one just has to fly lots of East Coast Australia - Tahiti (via AKL) runs in J (apparently one of the best value routings for NZ status points). I did the math; for the same budget, I could get close to or handily get QF WP.
But of course in the end status with FFPs is a highly "horses for courses" affair.