600NL 55 gs on coordinated flop

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this is the second time that villain has made a squeeze like play this session at this table, he could have a real hand here but it seemed like he could be squeeze happy too.

I call the 3 bet pf oop as I think I still have set value odds on average. Flop is pretty scary for a lot of hands so I think I have at least some fold equity here if I CR all in on the flop.

I figure his all in calling range is something like 77+ AJss+. I think its a tough call with 88-TT. Vs that range i have 25.5% equity and if he calls 100% of the time I need 31% equity. So I think i have 5.5% fold equity here at least, and if he is squeezing here at all I have a lot more on average.

Thoughts? Standard? Too high a variance play?

$3/$6 No Limit Holdem
6 players
Converted at weaktight.com

Profiles and Stacks:
UTG (<font color="#0000cc">$695.50</font>) 23.3/14.0/2.0 (<font color="#0000cc">43</font>)
UTG+1 (<font color="#0000cc">$627.00</font>) 19.4/14.9/3.0 (<font color="#0000cc">67</font>)
Hero (<font color="#0000cc">$1178.60</font>) 21.5/15.0/3.0 (<font color="#0000cc">200</font>)
BTN (<font color="#0000cc">$670.00</font>) 26.6/17.5/1.8 (<font color="#0000cc">143</font>)
SB (<font color="#0000cc">$572.95</font>) 29.8/18.6/<font color="#cc0000">3.2</font> (<font color="#0000cc">161</font>)
BB (<font color="#0000cc">$1188.78</font>) <font color="#008800">46.7</font>/13.7/2.4 (<font color="#0000cc">197</font>)

Pre-flop: ($9, 6 players) Hero is CO 5[img]/images/graemlins/club.gif[/img] 5[img]/images/graemlins/spade.gif[/img]
<font color="#cc0000">UTG raises to $22</font>, <font color="#777777">1 fold</font>, Hero calls $22, <font color="#cc0000">BTN raises to $85</font>, <font color="#777777">2 folds</font>, <font color="#777777">UTG folds</font>, Hero calls $63

Flop: 4[img]/images/graemlins/spade.gif[/img] 7[img]/images/graemlins/spade.gif[/img] 8[img]/images/graemlins/club.gif[/img] ($201, 2 players)
Hero checks, <font color="#cc0000">BTN bets $160</font>, <font color="#cc0000">Hero goes all-in $1093.6</font> ...