Extracting with flopped set Against Good Player from BB

[BingBangBoom]

I usually lead in spots like this, but villan is a good regular player, and I am just curious what you guys think is the best way to extract with a hand like this on flop like this. My guess as to opponents range is A8s+ KTs+ 66+ and maybe some offsuit broadways. I know only way to get money in the pot is to bet, but do bet now and risk blowing him off the hand or do i let him catch up on the turn? If he has 2PR/set already then hes going to be putting money in the pot for me. I know this is very situational and etc...but for arguments sake I have been fairly active at this table, but regualar has played a few hundred hands with me and knows i play fairly TAG. Do u lead, C/C or C/R?

PokerStars No-Limit Hold'em, $4 BB (9 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

SB ($405.40)
Hero ($431.60)
UTG ($396)
UTG+1 ($614.90)
MP1 ($80.90)
MP2 ($361.40)
MP3 ($344)
CO ($400)
Button ($404)

Preflop: Hero is BB with 8[img]/images/graemlins/club.gif[/img], 8[img]/images/graemlins/spade.gif[/img].
<font color="#666666">5 folds</font>, <font color="#CC3333">CO raises to $16</font>, <font color="#666666">2 folds</font>, Hero calls $12.

Flop: ($34) 5[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/heart.gif[/img], 7[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">