In hindsight, having guests book individually would have been the better option for us.
The negative was that we didn't use all of the rooms we reserved (because people suck!) so we did lose some deposit money.
However, with the group rate, we will all be in the same area of our hotel, we get an upgrade to a suite, and we got our 11th room free for 2 guests, so that will pay for all of my wedding extras!
I did find some cheaper rates online, so I called my TA who contacted the resort. Basically asking the advantage of the group rate and if they would price match, which they did! So, it never hurts to ask.
Also, by us booking the whole package, we got much better flight times--everyone will be in Jamaica by 12:00 noon and we don't have to leave until 12:00 noon. The same flights now are $950 that we paid $425 for!
The best part is that we have people flying in from 4 different cities, yet we all meet in Memphis and fly the same plane down to Jamaica, so it will be kinda like a charter flight!