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In these types of low buyin MTTs it is common for people with a short stack to decide "I have a good starting hand and this is where I make a stand".
Of course this just raises the issue of how do you define a short stack in a Razz (or an even more difficult definition would be in a HORSE) MTT. I have yet to see anyone define and defend an M type concept for a limit MTT with antes. I know TT brought this issue up a few weeks ago. Any takers?
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Well there is the 'L' concept in
this LHE tournament advice post by CardSharpCook, which is basically a measure of how many hands you can afford to see to the river, which you'd need to adjust for the additional betting round and antes in stud.