The key for me is how deep my stack is and right behind that, how big my opponent's is. Deep stacked, I'm inclined to play small ball and just call in position, primarily because most people tend to CB when an A or K flops, so in those cases I make more against the type who would raise AT or KQ preflop then fold to the reraise. If the flop misses you but looks benign and he checks, your flat call may look like a pair and a half-pot bet takes it there, but even if you're called its less than you'd have put in with a preflop reraise. That may lead to a tough turn decision but you can't win a tourney without ever having to make tough choices.
If my M is below 12 or so, then it changes things. Now I'm more likely to want to always reraise and go to war if need be. To win a tournament you have to both beat AK and win with AK.
Late in a tourney, especially against good players, you know your opponents are going to be more aggressive, so the balance again shifts more towards reraising even with a reasonably big stack.
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Old Norse adage
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