[Clipper]

Another interesting angle is what the money means to you. Say if you had similar stacks in a big WPT final table, where moving up a few spots would be highly desirable (and finishing on this hand would be a disaster - let's assume this is a once in a lifetime opportunity), then I think this is an easy fold. With your stack you should certainly finish a few spots higher by playing very tight.

But if this is just a regular sized tourney for your bankroll (say buyin was 2-3% of your playing bankroll), then I would go the distance with QQ and try to amass chips, improving my chances to finish first.

I think the correct answer to your initial post contains a lot of "it depends".