A quick pre-flop hand question

[Bobby Cannoli]

First, thanks to all for the great discussions here, I'm learning a lot, and hope I can learn enough to contribute back at some point.

I have a question about a hand I played Saturday in the PStars $1 MTT. It was my first final table ever (WOOHOO!), so that alone was a huge treat. I did play one hand, though, that I wanted to run by you guys. It was a hand that previously, before reading the forums here, I would have mucked instantly, but I thought here a call was appropriate, and wanted feedback to see if I evaluated it correctly.

Two tables left, blinds were 30000/15000, ante 1500. I'm in the BB with 87o. UTG+1 open-raises all-in for ~83K, and it's folded to me. I had a pretty big stack (T500K-700K, don't remember exactly), so calling and losing wouldn't have hurt too badly. But it was just 87o, so my initial reaction was to insta-fold. But I forced myself to think about it for a sec, and my feeling was that I wasn't going against a pair, more likely overcards. And since I only had to call 53K into a (roughly) 135K pot, I was gettting almost 3-1 odds on a call where I was at worst about 2.5 or 3 to 1. I decided to call.

So my question is, was this a correct thought process, or was a fold the better call? Obviously, with a much smaller stack, (but not super short), this would have been a fold, and for a very short stack, an insta-call. Interested in all opinions.

Thanks!

Bobby