[Ampelmann]

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Fold preflop.

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I don't think so. I complete the SB with almost any two suited (only almost, since here small blind < big blind/2). With so many people in I get great odds if I make a flush. Folding preflop here would be a clear mistake, imo.

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I think you can raise flop for value here.

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I don't think so. Our equity edge here is marginal at best. A lot of cards can crush us on the turn, so we expect our equity to change dramatically when the next card comes. So if I want to raise this sometimes, this is a perfect situation where I want to wait for the turn to raise.