The limped pot is totally easy to play. The SPR is a hugenormous 20+ which gives us all the room in the world to simply play poker postflop over multiple streets and try to figure out what is going on. I would often just check this from OOP and see who does what and go from there, but a small bet/fold line is also fine, whatever. Sometimes we'll make mistakes, and end up folding the best hand, or even putting in some money with the worst of it, but thanks to the pot being small every mistake we make will also be relatively small, and on the drive home there is no way this is going to be the session defining hand that we're going to be losing sleep over.
Now take the raise case. Looks like this was going to go at least 4ways and possibly more. Let's take the "best" case scenario and say it only goes 4ways. Now you've got an $80 pot, OOP, with a stupid small SPR of 4.75, having given 3 opponents awesome 23+ IO. Good luck playing that well, noting that every mistake you make in this bloated pot will be a huge one. This will be the hand you'll be thinking about on your drive home, and it's all because you raised preflop cuz "I haz AQ".
But, that's the way I see it because I know where my wheelhouse is and I try to setup situations for myself which I know I will thrive in while avoiding situations I know I don't handle well. Each to their own.
GimoG