[chh]

calling the flop looks terrible to me.
we will then be out of position with a pot as big as our stack, with a ton of overcards that might fall on the turn.

Essentially the decision is between folding to the 200 bet or deciding to stick it in.
The problem with sticking it in is that we have terrible relative position and someone might yet be slowplaying behind us (though unlikely in the case of CO, somewhat likely in the case of UTG+1).

That said with the PF raisor obviously disliking this flop and button being somewhat unlikely to have a hand that actually beats us (coldcalling the pf reraise kind of narrows down his range of likely holdings to AK, AQs, 44-jj, maybe a8s) I would probably still stick it in here considering that the pot is substantial and I've seen enough donkeys move at pots like that with AK or an underpair to the 8.