reraise-bluffing a LAG - fine or spew?

[Rainclouds]

Party Poker - No Limit Hold'em Cash Game - $1/$2 Blinds - 5 Players - (LegoPoker HH Converter)

SB: $64.05
<font color="black">Hero (BB): $197.00</font>
UTG: $200.00
CO: $206.90
BTN: $201.13

<font color="black">Reads: </font><font color="blue">Villain is a strong 31/23/4 LAG</font>

<font color="black">Preflop:</font> Hero is dealt Q[img]/images/graemlins/diamond.gif[/img] A[img]/images/graemlins/spade.gif[/img] (5 Players)
UTG folds, CO calls $2.00, BTN calls $2.00, SB calls $1.00, <font color="red">Hero raises to $10.00</font>, CO folds, BTN calls $8.00, SB folds

<font color="black">Flop:</font> ($24) 2[img]/images/graemlins/club.gif[/img] T[img]/images/graemlins/heart.gif[/img] 2[img]/images/graemlins/diamond.gif[/img] (2 Players)
<font color="red">Hero bets $15.00</font>, <font color="red">BTN raises to $30.00</font>, <font color="red">Hero raises to $60.00</font>, BTN calls $30.00

<font color="black">Turn:</font> ($144) 9[img]/images/graemlins/heart.gif[/img] (2 Players)
Hero checks, <font color="red">BTN bets all-in for $131.13</font>, Hero folds

Pot Size: $275.13

My thoughts:

1. He limp-called preflop, which I see as a small pocket pair calling for set odds, maybe a small SC.
2. On the flop, he minraises me. He probably thinks I'm cbetting here (in which he is correct), but he can't have a good hand himself.
3. Therefore, a reraise should make him lay down small PPs (and air, of course). I'm representing TT+ after all.
4. But he calls my 3bet! I am lost and decide to just give it up with a check/fold.

Is my line of thinking correct? +EV or -EV?