Thank you for your corrections regarding the equity %. I gave your examples a little thought and tried to match those with real equity from this pot perspective.
First, let's calculate equity, assuming we go for broke by re-raise pot and then facing a 3-bet allin from either MP or SB.
TOTAL POT: 0.16 (preflop pot)+0.12 (SB bet)+0.80 (hero re-pot)+ 3.84/3.96 (SB/MP allin, taken into consideration the only stack portion the hero can win)+ 3.16 (hero's call) = 7.96/8.08
Equity against SB shove: 3.16/7.96=39.69% of equity
Equity against MP shove: 3.16/8.08=39.20% of equity
1. Against a set we have, as you said, 39% equity. This is actually a break-even call then?
2. Against a complete nut straight, we have 39% equity. A break-even call again?
3. Against a Axs nut flush draw, we have 35% equity. It would mean a losing call in the long perspective?
4. Two pairs and a complete bottom straight (54) are the only two scenarios that I see somehow going crazy (if the players are bad enough) and that we have good enough equity against (roughly 50%) against those combos.
2 break-even scenarios, 2 winning scenarios, 1 losing scenario = call?
The second example is interesting. Though, we should consider the worst case scenario here:
HERO 15.84%
Axs flush draw 20.27%
Set 63.90%
Even if that is two full stacks (MP and SB going crazy), that makes 26% equity.
But of course, that is a very sick coincidence, if hero runs into this setup.
I still have some doubts regarding the play for stacks on flop but the calculations convince me more and more... Thanks again for the input.