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4th street there is no reason to reraise. His most likely hands are trips or high pairs. Against high non ace/king pairs your edge is slight, but trips/aces have you at a big disadvantage.
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against a high pair he's got very good equity here.
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Is that true? It looks like a minor edge to me.
<font class="small">Code:</font><hr /><pre>
http://twodimes.net/h/?z=1335993
pokenum -mc 500000 -7s8 ad 4h 2c 7h - qh qd 8h kc
7-card Stud Hi/Low 8-or-better: 500000 sampled outcomes
cards scoop HIwin HIlos HItie LOwin LOlos LOtie EV
2c Ad 7h 4h 117586 117586 382413 1 362266 0 0 0.527
Kc Qd Qh 8h 90380 382413 117586 1 0 0 0 0.473
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http://twodimes.net/h/?z=1336000
pokenum -mc 500000 -7s8 ad 4h 2c 7h - as ac 8h kc
7-card Stud Hi/Low 8-or-better: 500000 sampled outcomes
cards scoop HIwin HIlos HItie LOwin LOlos LOtie EV
2c Ad 7h 4h 68921 72243 427746 11 360070 2142 103 0.457
As Ac Kc 8h 111917 427746 72243 11 11594 20277 103 0.543
</pre><hr />