[Redd]

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When CO bets the flop, I'd checkraise. I think it's a great spot for it. If you get 3-bet (unlikely), call and reevaluate on the turn. If you only get one caller, I fire one more out on the turn (with two or more callers, once again reevaluate.)

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I'd say when a passive Villain bets into 4 people, it's too likely that we're already behind to bother with a check-raise in this small pot. We don't really need to clean up outs because a better jack is usually pfring, and if another T will call getting 4:1 he'll probably call getting 2:1.
I'd just peel the flop (barely) with our implied odds on ~6 outs and fold the turn UI.