[Man of Means]

I think the MP's stack makes this close to an auto-push. With $125 behind, heck yes. The more time you take to think, however, the more likely he is to call your push with a hand like QQ-88.

Reraising smaller and then folding is a disaster. If you make it $120 and both players come in you'll put the pot at $320 3-handed with $80 left to bet.

This is rare but: if you think MP is super-tight, has JJ+ and won't fold for $200, then make a fold.

Another option you allude to is to smooth call and then make a bet on the flop which is either for value with TP+ or a big draw, or if you "miss", acts as a squeeze. With 1 or 2 paint cards out there, MP may fold and you'll be headsup with shortie for $30 more. Sucks if MP calls here, because now you're pretty much committed! (And btw with an SPR of 1:1 you'll be happily committed if you flop a pair)

so

push > call >>> fold pre >>>>> re-raise and then think about bailing