[Slim Pickens]

I worked out hand 2-32 and found pretty much the same thing you found. There were reasonable ranges for both the initial raiser and caller that made pushing +$EV. It also was not hard for me to tweak those ranges to something also very reasonable and have the play be -$EV. I think the ranges I first came up with put it at about +0.2%, so what most SNG experts would call a marginal edge. My experience playing a large number of SNGs over a long period of time lets me say with confidence that anyone who thinks he can nail down opponents' hand ranges in a fairly uncommon situation like that to the precision necessary to make a strong statement about how it should be played is over-estimating his own ability by quite a bit.