lol 199 is not a waste.Let's calculate the amount of extra stat u get:
Every time u lvl u get 2 point at every stat(I mean if u have 100 atk after u lvl u'll have 102 atk)=>19x2=38
Let's consider you put all your points at STR/INT/SPD or wherever u want so:
19 lvls x 3 points per lvl x 2 stat points per point added=>114
Total:114+38=152
Afetr rb you can improve one of your stats with 10% and 10% of 15.2=> an additional 15 stat points + 17 additional stat points added by cape=>32 bonus points if you rb at 199.It might not be enough but sometimes it can make the difference between life and death xD
PLease correct me if I'm worng