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I don't think it was a great play. I like your thinking here about your M (essentially what you said about your orbits), but the reason you push with a hand like QTs is because of first in vigorish (as Harrington calls it). With two people ahead of you, one already all-in, you're not going to push anyone out. The big stack only has to call an extra 350 in chips, so why wouldn't he, even with a marginal hand just like yours? QTs is a wonderful hand to open push, but with 2 people already in front of you, fold and wait for another hand.

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he has 1 BB, he's not pushing people out anyway. I think i like this, if he wins the hand, he more than quadruples up and then has some FE, if he loses, then he probably gets 5th place, which is what he probably would have had if he waited a few more hands. Plus, theres a higher chance that shorty gets knocked out.