A chipstack situation I'm confused about

[Taraz]

I know that when I'm shortstacked on the bubble with another short stack the "Play for 3rd" strategy is sometimes best. But do you make any strategy adjustments when you are one of the two smaller stacks but still have 7-8 bb left? For example:

Party Poker No-Limit Hold'em Tourney, Big Blind is t150 (4 handed) FTR converter on zerodivide.cx

SB (t1090)
BB (t2595)
Hero (t1045)
Button (t3270)