Re: final table hand
The only place I'd put more emphasis on Q is when its fairly obvious that you stand to gain more by tightening up, considering that there must be (far) shorter stacks if you're regarding Q so highly. In which case, this is more an issue of equity in the tournament.
Effective M is calculated by taking your M, and multiplying the ratio of players sitting now, to seats at the table. For example, with an M of 4.5 and 6 players left at a 9 player table, 4.5 * (6/9) = 3.
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