Shorthanded game, folded to Button who raises 3½bb. Button steals top 25% of hands. SB folds, Hero is BB. What range is optimal to reraise?

Let's make some assumptions. There are 2 options:
1- Reraise with a tight range; QQ+/AK (2.6%).
2- Reraise with a looser range: 88+, AJ+, KQ, ATs, KJs (8.6%)

What happens if a reraise only gets called by QQ+/AK?
1- Hero wins 90% of the time 5bb. The other 10% Hero has ~50% equity in a ~25bb pot with initiative but without position. Let's assume these two cancel out. So EV=.9*5+.1*0=4.5bb.
2. Hero wins 90% of the time 5bb. The other 10% Hero has ~34% equity.. Let's assume Hero loses on average 15bb in these situations (losing cbets a lot). EV=.9*5-.1*15=3.0bb.

The second scenario happens 3 times as often though, so if the original raiser has a very tight calling range, reraising light is optimal.