It seems like you would have a decent chance of getting in via petition because your test score is very close, but I honestly don’t know.
http://www.indiana.edu/~iubhonor/hds/admissions.php
It’s also definitely worth trying to get into Hutton because being in Hutton allows you to take the honors versions of some of the early business classes. Some of the honors classes are better and/or grade easier than the regular versions, but some are just extra work for no reason. Having the flexibility to take the honors classes would be nice, but it’s not a deal-breaker for choosing IU in my opinion. Definitely worth the petition though if you are considering IU.