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We are waiting to see if we imrpove by the turn, if we don't we lose up to 4.5 outs....

Is it not better to wait until the turn and then face the whole field with 2 big bets thus having much more chance to clear up As / Ks ?

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In a pot this big, you won't fold a flush draw. You have to charge them the max. However, you have nothing right now, so there's not much to protect by waiting until the turn.

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I just meant that, wouldn't it be better to wait for an equity increase before committing our chips?

True