It is mathematically incorrect, if there are antes then even more so. Long term you should get it in every time, it is free money. Your equity is actually quite good here and for 150bb it is worth it.
Now, against AKs it is thinner but again slightly +EV due to small equity advantage and minor amount of dead money. It is better for you if one of your Queens is in his suit.
If you hate variance so much that it would tilt you if you lost, then yeah you can fold I guess.