Right Play?

[Spellmen]

Sorry I can't find the hand history, but I will try to describe it as best as possible. Party $25 PLO.

I am dealt Ah Kh Jc Ks in mid position with $23.
Flop comes 7h 2 3h.

UTG bets pot, $3.8. He has been playing really badly so I think he has two pair.
Cold call behind him (I think), and then a pot reraise ($15 or so). I am sure that the coldcaller will fold. I can pretty confidently put the reraiser on top set, maybe mid set at worst, so I know that if a non board pairing heart falls I will take a pretty big pot. After thinking for a little, I fold. UTG calls the reraise and is all in. Qh falls on the turn and the reraiser takes the pot with trip 7s. Was I right to fold this? For reference UTG had about $15, coldcaller had around the buy in, and reraiser had about $60