PP11 Bubble hand - time for a desparate push?

[Barrett's Last Privateer]

Ignoring momentarily the play which got me into this situation (still on my set-free streak BTW), I'd like to get the forum's advice about what I should do. I've got under 3BB left, and am about to have to pay the blinds.

The next smallest stack is more than double me, and so is lilely to wait it out for me to bust, but I've only got K5o, and have 3 people left to act after me.

Do I qualify as hanger onner guy and so would have FE against 2+2 11ers? I very much doubt I have FE in this situation against button or SB, but figure if both my cards are live I might not be too much wosre than a coin flip, and if I was to double up + get the BB I'd be back in it.

Appreciate your advice, even if it's actually a clear cut decision one way or the other

Thanks,

BLP

Party Poker No-Limit Hold'em Tourney, Big Blind is t300 (4 handed) converter

BB (t1770)
Hero (t785)
Button (t2418)
SB (t3027)

Preflop: Hero is UTG with 5[img]/images/graemlins/club.gif[/img], K[img]/images/graemlins/heart.gif[/img].
Hero wants a higher ROI