Well best case scenario (they both have flushes, no redraw, none of your outs) you have ~ 23% equity (even though this is LA, at least one has a flush, right?). And best case scenario you can win $4700 for your $1600. 4700 + 1600 = 6300. 1600/6300 = 25%. 25% > 23% ---> Fold is the correct play/you need ~ 650 more in there to make it break even under best case scenarios/a very optimistic call.
disclaimer: I'm a feel player on a bender atm so no idea if the above is right
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