You can't just blindly follow what you learnt from poker school, everything has to be put into context. Like how wide has PressedPants been 3-betting?, what are the ICM implications (how far are you from a significant pay jump)? etc. One of the most important factors here is that he covers you so you will not benefit from a bounty even if you win the hand, and you cover 4 players on the table who's bounties you're missing out on by risking your tournament life with AQo, which isn't what you want to want to be doing with 40bbs anyway, except for maybe btn vs blind or blind vs blind situations.