Crazy action with flopped set in limped pot (On Button) 5NL

[Zero_Outz]

This had to be one of the nuttiest tables I have ever sat at. Already stacked the BB when he was playing short. He cold called me for $.35 with A4 and stacked of on a J 8 4 flop when I held Kings. After that he had bought in full

$0.02/$0.05 No Limit Holdem
6 players
Converted at

Stacks:
UTG ($2.25)
UTG+1 ($6.11)
CO ($3.49)
Hero ($13.28)
SB ($8.95)
BB ($9.10)

Pre-flop: ($0.07, 6 players) Hero is BTN [5d]
UTG calls $0.05, UTG+1 calls $0.05, CO calls $0.05, Hero calls $0.05, SB calls $0.03, BB checks

It's ok to BTN limp 22-77 or 88 in a 5 or possibly 6 way pot is it not?

Flop: [7d][5c] ($0.3, 6 players)
SB checks, BB bets $0.3, UTG calls $0.3, 1 fold, CO calls $0.3, Hero raises to $3,

Flop was way to drawy, especially in a limped pot. I settled on raising to $3 based on the stack sizes of the UTG and CO players. Didnt expect a shove by BB but gladly accepted it and called. I guess my question is, and I am sure this is much simpler than I am making it out to be, is my thinking correct with raising based on the stack sizes of the shorties? I think I might have approached it a bit differently 2 or 3 way.

Feel free to blast me for posting something I am sure I am over thinking.

[Danhdan]

[iceman5]

[Xaston]