I remember the endless Scrum meetings where we debated points with all the seriousness of medieval monks discussing how many angels could dance on the head of a pin. As a rough heuristic points aren't bad, per se, and they are a bit better than straight time estimates.

But when they become the subject of endless meetings it's a tell that maybe the company has hired too many people too quickly and is in the "bullshit jobs" phase where it's happy to waste precious salaried hours on meaningless debate.