I think that even if you DID bid 1NT, your pard has - at best - an invitational hand (ugly
♠Jx and
♦Qxx, club 5 bagger not so good to upgrade the hand) not enough to force to 3NT.
So, your pard would have invited to 3NT (via 2NT or whatever quantitative invite you agreed upon), and you would have declined the invitation for the very simple reason you are subminimum for a 1NT overcall.
The Kaplan-Rubens hand evaluator (
http://www.gg.caltec...u/~jeff/knr.cgi), one of the best tool to assess the value of balanced hands (recommended by most teachers on BBO for the evaluation of balanced hands) evaluates South's hand as 14.15 hcp, not even enough for 1NT overcall, let alone to accept the invitation.
K/R also assesses N's hand as worth 6.6 hcp, not even enough to invite to 3NT.
Bottomline: you would have missed game anyway, and in my opinion, it is the % choice to stay in a partscore, at any form of scoring and at any vulnerability.
After all, bidding 3NT with 23 hcp is not exactly a percentage choice (unless your card play is at the Meckwell level).
So I guess this one is one of those cold games that can be missed without too much regrets.
"Bridge is like dance: technique's important but what really matters is not to step on partner's feet !"
1 ♦ - ALL PASS.