PLO8 calling/re-raising pre flop pot size bet from AA2x

[Dismas]

I recently was in a game where I was on the button with Ac 3d 4h Jc. My stack size was higher then full buyin and a rock (VIP of 12 PFA or .5) with a full buyin pots it after 3 players limp. I folded because I felt he had AA2x ~80% of the time and he would not play for the rest of his stack if he missed the flop. Also any flop that hit my hand hard would miss his hand. Additionally I felt if I only called at least one other player would have called also.

Was my play to weak? What other things should I have considered before folding? What conditions need to be met for you to call/re-raise a pre-flop pot size bet from someone you can strongly put on a AA2x hand? What do the stack sizes need to be? What type of mistakes must your opponent need to make? What types of hands do you look for? What types of flops?

I’ve only played ~30,000 hands of PLO8 and all but one or two thousand have been at $25 or $50 buyin. Any advice you can give would be appreciated.