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Also consider that while the flush over flush thing may not be a big concern in a ring game, as you know its not very likely to happen, its a much bigger factor in a MTT.
Its a 100% drawing hand, that doesn't have near as much playability as a suited connector or one gapper (like a 75s) that can make a straight or straight draw (possibly along with a pair or flush draw). You're just hoping to hit a flush draw on the flop, and then you're hoping the flush hits. After all this, you still have to be worried about the possibility of a higher flush being out there (coupled with the concern that someone has the A for a better draw). Plus, players tendency to play Axs (especially in the same circumstances you'd be playing Kxs, unraised pots with many limpers) means that if someone was dealt it, they're likely in the pot when you hit the flush.
But getting back to why its a bigger problem in a MTT is that if you make the flush, its a very hard 2nd best hand to get away from, which means it easily could cost you your tournament, especially in an aggressive game, because its difficult to tell if the player is just raising or reraising because they made a lower flush or if they have the nut flush. Also consider that if either you or they are semi-bluffing before the flush hits (which is likely in an aggressive game), it could easily screw up your read, as if you're semi-bluffing, when they call and then raise when the flush hits you have no idea how high it is as they were previously putting you on a made hand, and if they've been semi-bluffing, once you hit you'll raise big, and could possibly misinterpret a reraise.
FINALLY, one last point, lets say you both make a flush, but yours is higher. You're likely to not get as much as you could've gotten if it were the nut flush, as you may be afraid to reraise for the above stated reasons.
If you're drawing in NL MTTs, you usually want to be drawing to the nuts (at least when facing big bets), because of fear of drawing a second best hand and also because you don't have the same implied odds if you're not confident you have the hand when you hit. Playing K-rag suited in less than optimal situations is kind of like drawing to a straight with a 7 with a board of 9TJ or drawing to an open ended straight draw on a suited flop. Its just generally not a good idea.
(blah blah blah - this is why I have so many words per post)
Edit: Side note: Recently I busted out in a MTT that I was doing very well in when I called from the BB with KT of diamonds after an aggressive player with a slightly bigger stack raised, with thoughts of implied odds in my head. The flop was rags with two diamonds , and when he fired out at it I put him on overs and reraised big, enough to pot commit me (expecting him to fold, but having outs if he didn't), and he immediately put me all in with his AQ of diamonds. The turn completed our flushes, but I was a big dog even if it didn't come. This is a bit different situation since we both had playable hands and not A-rag suited and K-rag suited, but it goes along the same lines.
(holy shit, I've managed to make it longer! Does 'Rilla get this much content into 10 of his posts combined?)
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