NL50 - misplayed combo draw?

[Peter Harris]

Party Poker - No Limit Hold'em Cash Game - $0.25/$0.50 Blinds - 5 Players - (LegoPoker HH Converter)

<font color="black">Hero (SB): $64.70</font>
BB: $50.00
UTG: $47.20
CO: $48.50
BTN: $49.55

<font color="black">Reads: </font><font color="blue">Villain is 23/8/2.7 over 96 hands; felted JTo on JT9 flop only to be rivered. semibluffed flop and turn with 1 card OESD A8s on 679x and checked A river. So capable of semibluffing and felting made hands.</font>

should i felt flop? I was concerned on the turn bet i could be vs a strong made hand and/or a better FD, and if i hit a 5/spade i may not have had the odds (call 20 to win 70 i thought at time).

<font color="black">Preflop:</font> Hero is dealt 4[img]/images/graemlins/spade.gif[/img] 7[img]/images/graemlins/spade.gif[/img] (5 Players)
UTG calls $0.50, CO calls $0.50, BTN folds, Hero calls $0.25, BB checks

<font color="black">Flop:</font> ($2) 2[img]/images/graemlins/heart.gif[/img] 3[img]/images/graemlins/spade.gif[/img] 6[img]/images/graemlins/spade.gif[/img] (4 Players)
Hero checks, BB checks, UTG checks, <font color="red">CO bets $1.50</font>, <font color="red">Hero raises to $8.00</font>, <font color="red">BB raises to $15.50</font>, 2 folds, Hero calls $7.50

<font color="black">Turn:</font> ($34.50) Q[img]/images/graemlins/heart.gif[/img] (2 Players)
Hero checks, <font color="red">BB bets $20.50</font>, [i]Hero...[/b]