Was Mike Smith's decision to punt the right one?

I think it was just a sticky situation, simply based on where the ball was. Anywhere on the other side of the 50, and they go for it, because their defense was playing so well. From where they were, a failed attempt puts us a few yards outside of FG range, and they would have needed a TD (assuming we make the game 20-14), not a FG. I give more credit to the Saints defense than anything, for putting them in such an unenviable position.