MTTs are not my strong point, and I agree there is some missing info here, but here are my thoughts on this. I haven't yet watched Evan's video but here's generally where I stand with this decision.
If we have a healthy stack relative to the rest of the field then it doesn't make sense to call and risk a coin flip situation for our tournament lives or even worse run into KK+. We can plug this into an ICM calculator and see that folding is usually best in these scenarios. It may get interesting if V is notoriously loose and we are the only two players with a massive chip lead that would essentially mean that the winner of this hand can coast on to the final table and perhaps even deep into the final table and be a huge favorite to win it all. But again, none of this info is provided.
As our stack gets shorter relative to the rest of the field it becomes necessary to double up in order to put us in a position to make the bubble. We don't want to just blind ourselves out waiting for someone else to bust first if we are one of the shortest stacks because as they are forced to get their stack in, if they double up, then we will have very few good opportunities to double up ourselves to stay in it. I think there are too many different scenarios to say for certain what is best. But my goal would be to compare my
equity vs Vs range to the percentage chance that I can fold my way past the bubble in this second general scenario where we are both short compared to the field. At some point it will become a better decision to double up than to fold and hope enough players bust first or a better spot presents itself.