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So str is spell power now? Is it doubled also. Str X 2 = SP?
Strength is Attack Power. For paladins, 1 Str is 2 AP. There's an enchant for 20 Str to weapon, and one for 40 SP to weapon.
The thing is, spells like Consecration, Avenger's Shield, and Holy Shield get more damage from AP and SP by the same amount per point. Seals and judgements also get more damage from SP and AP, but the amounts differ.
On average, 40 AP and 40 SP will give the same amount of extra threat, but you get talents that increase your strength, so the Str enchant is better. Also, 20 Str is 10 block value now, so it's also more mitigation.
12 Str to bracers and 15 Str to gloves are far better than the spell power enchants to those slots, but you'll probably want defense on the bracers, and either stam or +threat on the gloves.