I would my own voice to the "less is more" school of acclimatization. There is an old mountaineering adage--"Climb high, sleep low"--that has never failed me, or two of my kids who summited Mt. Whitney when they were 7 years old.
Here is a link to a good article on the subject.
My go to plan is to try and get a day hike or two prior to a summit trip (up to Cottonwood Lakes and back is great for this), followed by a night or two in LP. The hostel is always a solid, cheap option, and the Dow Villa has very affordable "historic" rooms (i.e. shared bathroom) that come with access to the pool.
