Hmm...OK, try this:
Code:
require_once(DIR . '/includes/functions_misc.php');
eval('$points_pages = "' . replace_template_variables($vbulletin->options[points_pages], true) . '";');
I think the variables $vboptions and $bbuserinfo may be shortcuts that only work templates, so the function replace_template_variables() will replace them with the longer version. (I haven't tried the above code, hopefully there aren't any errors).