Re: Flop action.
I think check/calling > checkraising > betting out in this spot. I see that you are considering checkraising because you could easily be ahead of button and you want to protect your hand and possibly induce some incorrect folds or incorrect calls from the limpers.
The problem, imo, is that this pot is pretty damn big already. If you checkraise button, the first limper will be getting 10:1 and the second 12:1 if the first one calls. They are still correct to call with overcards and maybe even 3 outers (if we include implied odds).
Check-calling has a couple advantages. First, you can see if either of the limpers checkraises which will help you make a good turn decision. Second, you retain the ability to checkraise button on the turn when you can actually knock out the limpers. The button is also less likely to 3bet you on the turn with a better hand. Let's say the turn is a 2-9. Those all could be great cards to checkraise depending on the flop action. Check-calling also allows you to see how the limpers act on the turn (assuming that they call the flop). If you checkraise and are called you're usually gonna have to take the lead on the turn.
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