88 to raise fold or float

[squidladder]

Villain is 32/16 with Agg of 5
Has being playing back a bit latley
Is this a bad spot to float


Full Tilt Poker
No Limit Holdem Ring game
Blinds: $0.25/$0.50
6 players
Converter

Stack sizes:
UTG: $111.20
Hero: $49
CO: $94.50
Button: $43
SB: $69.35
BB: $50

Pre-flop: (6 players) Hero is UTG+1 with 8[img]/images/graemlins/heart.gif[/img] 8[img]/images/graemlins/diamond.gif[/img]
UTG folds, <font color="#cc0000">Hero raises to $2</font>, CO folds, Button calls, 2 folds.

Flop: 3[img]/images/graemlins/diamond.gif[/img] T[img]/images/graemlins/diamond.gif[/img] 5[img]/images/graemlins/club.gif[/img] ($4.75, 2 players)
<font color="#cc0000">Hero bets $4</font>, <font color="#cc0000">Button raises to $16.75</font>, Hero ?