[Bob T.]

[ QUOTE ]
Even so, we only need the pot to be 3-way to have equity on our bets.

[/ QUOTE ]

This is the crux of the matter. This pot is going to be at least three way to the turn, so the hero is getting value on his flop bets. I think he should go ahead and cap it if the opportunity arises.

I don't think he has any fold equity on the turn, so on the turn, I think he can check. Although this makes it transparent that he has a draw, it doesn't tell the extent of his draw, and if he makes a straight, instead of the flush, I think he can still checkraise the river.