First of all, thanks for all the replies, both optimistic and less optimistic (I didn't really get a sense of pessimism from this thread); having a variety of opinions and wealth of information presented was my goal in making this thread, since this is the stuff LSN can't communicate to you.
I'm not a URM, that would substantially change my outlook/goals. I'll consider applying/EDing to some T14s even with a 167 but right now I realize the statistics simply do not support my being admitted; I don't consider this pessimism, for me pessimism would be saying that I'm screwed long term if I take pay $16k a year for UNC or go to Wake with $$$.
Most of all, this thread has been helpful in that I'm now fairly sure I'll retake. Like I stated previously, 167 was exactly my PT average, but I feel there are things I could do to attack the test more strategically in October. Also, having a list of schools that I wouldn't have been looking at otherwise (WUSTL, Indiana, UIUC, Minn, BC, BU) was a point of interest for me, thank you for that. I suppose if I don't retake or if I do and don't do any better, I'll consider applying but evaluate each school that I'm admitted to on a case-by-case basis dependent on scholarship money (mostly). Of course I'll weigh these in against my initial list (Wake, UNC, Emory, UGA, etc.)
If anyone has any suggestions for how to retake/study for the October test, it would be greatly appreciated, although I suppose I should ask that in the LSAT prep form.
And finally, I'm a big Nietzsche fan, partially because he was the first philosopher I read for myself (and not just a class), and partially because he still is the only philosophical writer who I've found really entertaining and enjoyable to read. Also, I actually just finished Hegel's Phenomenology of Spirit. Most difficult book I've ever read, even more inaccessible than Kant or Heidegger IMO.