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So with most of the money in the top three spots, eliminating a player in 7th place isn’t that significant. With a super small stack still in there, the big stacks can put a lot more ICM pressure on the medium stacks. So there is merit to keeping a small stack alive.
In this case, the small stack became a medium stack by picking up the pot. But there was a benefit of preventing a medium stack from becoming a big stack.
But you are risking 1/3 of your stack and becoming a medium stack yourself. I don’t think I would make this play but I’m glad it worked out for you.