Sadly, live STT tournaments tend to suck balls. They end up being much more of a crapshoot than what we are used to online, because casinos can't justify giving them a good structure. Your casino is better than most in that 2nd and 3rd get something, so give them brownie points there (but take them away because the structure isn't bad - it's rediculously horrid).
As far as actual advice for the playing, treat it like it's not much different than an online turbo. Your M is still your M. It just has very different numbers than you're used to using. 200 @ 5/15, for instance, means you start with 10 M. Sucky, and more so because you can't start to take stuff down like you usually do when you're at 10 M because everyone is loose. Basically, you're looking for hands to double up and people to steal from asap. At level 2 you're in push-fold mode, and not finding a hand to push for more than an orbit is likely to make it very hard to win.