My take on this is that unless you're creating a stylesheet that will be called when someone wants to print your page there's no good reason to use points.
Point sizes are for print medium.
Pixels are for display on a screen.
(There are also percentages and ems for sizing, but unless you're designing a "liquid layout" there's not much reason to use those.)
My suggestion is to use pixel sizes in most cases.
HTH
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