Going into Newark one night, wind 290/20 landing r/w 29 and 22L accepted 22L as landing weight around 260,000kg. B727 making approach to r/w 29 on a 2 mile final we are at 2.5 miles. Our g/s 150kts his about 120kts. At 800ft atc now aware that the two A/C are going to meet somewhere around the threshold of 22L. ATC instruction to us was to do 'S Turns' Since my standard of flying is not as great as others who post here we elected to do a go around. Safe and professional. You are right you do need to put your A team hat on when flying in the USA mainly because ATC has only a B team hat in the top drawer.