[pooh74]

So you feel that your EV is higher by waiting?

IOW, you argue that the equity you save by folding on this hand is more than the equity you lose on subsequent hands where you have: more players acting after you, the possibility of a raise before you, and a worse hand (this last point I will concede as irrelevent).

The issue comes down to whether your FE is so small so as to negate position and being open folded to. I dont think it is here...with less chips I would agree.