AKo preflop after a raise and a call

[se2schul]

Party $22.
I find AKo fairly easy to play when the pot hasn't been raised. In this case, UTG min-raised and that was cold called. That represents significant strength. I wouldn't call that raise without JJ-AA, although at $22, I can see people doing it with such premium hands as KJo.

My initial reaction was that it was probably right to raise or fold, leaning towards folding after the raise was called. I don't have any good justification for calling, except that I was at a loss for the best play and I figured that I had good implied odds for a good flop.

I'm wondering not only about consideration at low buy-in ($11,$22, $33) SNGs, but also about how this situation would be handled at mid-higher buy-in SNGs ($55-$215)
Thoughts?

Party Poker No-Limit Hold'em Tourney, Big Blind is t50 (8 handed) converter

MP1 (t910)
MP2 (t785)
CO (t1735)
Hero (t1360)
SB (t430)
BB (t865)
UTG (t560)
UTG+1 (t1355)

Preflop: Hero is Button with K[img]/images/graemlins/diamond.gif[/img], A[img]/images/graemlins/club.gif[/img].
<font color="#CC3333">UTG raises to t100</font>, UTG+1 calls t100, <font color="#666666">3 folds</font>, Hero calls t100, <font color="#666666">1 fold</font>, BB calls t50.

Flop: (t425) 6[img]/images/graemlins/heart.gif[/img], T[img]/images/graemlins/diamond.gif[/img], 3[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(4 players)</font>
BB checks, UTG checks, <font color="#CC3333">UTG+1 bets t425</font>, Hero folds, BB folds, UTG folds.

Final Pot: t850