Going for it on 4th made sense.. as far as risk and reward. We make the FG and we are still down 8 pts.
Going for the 2 pt conversion didn't make sense.
The odds of not converting 2 points coming back to bite you is actually pretty small. The odds of winning if you do get it raise quite a bit. That game played out in the exact wrong way, making it actually matter.
Again, if you dont get it, it rarely hurts you. But if you do get it, it really helps you. If you dont believe that statement, think about this. If you're down 4 points or 5 points in a game, how much do you really care? It means almost nothing. Now think about being down 4 points or 3 points. That's a pretty big difference.