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I can't say I ever really thought about this before, but my instinctive reaction is "no".
I have heard it said that Aces are undervalued and Jacks are overvalued in the 4321 point count. If the degree is roughly the same maybe this cancels out and AJx is really worth 5 points
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But the presence of the Ace adds value to the Jack (AJx is better than Axx and Jxx) and it is the case that this holding combines well with any honor card(s) opposite.
So I suppose I like AJx just fine
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Yes I think the 109 of hearts and the 1097 of diamonds are at least as valuable as the difference between AQx and AJx.
I do put 14+ to 17 on my convention card, but my impression is that the vast majority of experts who write 15-17 really should write 14+ to 17. No doubt a much larger % of non-experts are more or less religious when it comes to point count and bidding notrump hands.
I consider myself serious about the + by the way. Among players in my normal circles I am more conservative than most when it comes to opening 1NT with 14 HCP.
But IMO this hand is worth it. I have been out to lunch before.
Fred Gitelman
Bridge Base Inc.
www.bridgebase.com