Reading Card Player magazine this morning before I go to work, I ran across this article answering an email to Tom McEvoy, which is relevant to the discussion.

"Well, Marco, you have a very interesting situation that brings up several points for discussion. When playing a one-table sit-and-go that pays three places, you obviously want to make the money, but you also want to come in first, which pays a lot more than second or third. To do that, you sometimes need to take some risks. Waiting for the two shorter stacks to go broke is not always a good strategy. If you play too tight, the blinds will start to erode your stack and the short stacks can easily double up while you are waiting, watching, and hoping they go broke. Suddenly, you’re the short stack."

He doesn't specifically answer our question, but I found it an interesting take.

http://www.cardplayer.com/poker_magazin ... m_id=65580

CJ