This guy has more chips than you and is agressive. You are calling pre-flop with a drawing hand. You know he is agressive, so he will most likely bet with anything. You will need to hit a good flop to take the pot from him. So it's not an easy call, but I think it is a good call preflop.

Has he raised from the SB with a lot of hands when folded to him?

The flop is very good to you. You are likely ahead, there's no way I am laying it down. Now the question is call or fold.

If he is really agressive, he will bet the turn if you call, if he bets into a 320,000 pot, it will likely be 180,000 or more so you will be commited if you call, so you have to make your decision now, you ca't put 160,000 and then lay it down.

You do have a lot of FE so I would definitely re-raise all-in like you did.

You did the right play.