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wait and hope for a better holding on which to risk all my chips.

all 330 of them.

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What are you getting at?

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That your equity in this tourney is already very low. So when talking about risking all of your chips as though you were risking a high likelihood of making the money it is a little misleading. OP already "risked" most of his chips...now he has to find the BEST spot possible to get back into this thing. These "best spots" might not seem so great, but then again, with 330, nothing will seem great.

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True, but its all the equity you've got.

The way I see it, this is a marginal situation in either case. I would probably go with my intuition and reads - but I certainly do not see that it is a slam-dunk case.