If I make UTG+1 TT+,AQ+ and MP3 QQ+,AK+ then we're 22% (if it was 3-way, for some reason it ends up 4-way) here and we have no fold equity at all. Even if I make MP3 the same range as UTG+1 we're still only 28% meaning we still dont have odds to do this.

AKo is not a monster in this situation, and whilst we need to gamble more in an MTT, that doesnt mean putting all our chips into the middle as a dog.

The point about it being a 1.10 has some merit, but its not good to get into bad habits if we're hoping to improve our game, and if we're going to assume that our opps are gambooling fools and play likewise we might as well go play roulette or something.