When I was a full time teacher, that would be around the time I would go - arrive the Friday before President's Day and stay for the week.
I have had fantastic weather....and I have had weather that required I wear my leather jacket the entire trip. It really is the luck of mother nature. But, for the number of years that I went, the nicer (warmer) weather was the usual.
If it is President's Week, you will see larger crowds since many of the schools are closed up north and people flock down to escape the doldrums of a New England winter. They are manageable, however - use the extra magic hours, plan out your fastpass usage and devise a rough idea for where you want to tour on what day.
I did stay at AKL and absolutely loved it. Waking up and seeing the animals - even at 3am - was fan-freaking-tastic! Loved the room, loved the hotel, loved the pool. I did not find the bus transportation all that bad. Sometimes I would play bus roulette - whatever the next bus that pulled in was the one I would take. I had more of a problem with the bus system at Saratoga than I did at AKL. But, it can vary - you might be stuck for 30 - 40 mins waiting for a MK bus for instance because the busses on the route are helping handicapped on/off, there is a delay somewhere, it is shift change.... but nothing that you should get too upset over. If you have an ADR at a park, give yourself a good 90 mins from your room to the restaurant considering busses.....
Enjoy your trip!!