After a heads up courtesy of ABC local radio and some subsequent research, I've decided that Kiribati is the destination for my family if we can't get the funds or time for Central America (would need more than two weeks for that).
Kiribati is the bees knees for those who don't see themselves in resorts but want the lagoons and reefs. Looking at doing partial homestay. Not sure when, but if you don't plan it, it will never happen