[Mitke]

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I think the flop is close between a call down and cap.

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I don't think this is close. Cap flop and you can call down if villain leads the turn. Don't worry about trying to keep the CO in the hand. He will come along anyways if he has an ace, otherwise he will fold.

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I think Knockonwood was discussing the decision whether to cap or call down after SB 3-bet at which point CO has already folded.

And if you read the rest of his post you notice he doesn't advocate smoothcalling the initial raise to keep CO in the pot either.