bottom set vs shorty how to play

[praios]

$0.5/$1 Pot Limit Omaha Hi
5 players
Converted at weaktight.com

Stacks:
Hero (<font color="#0000cc">$116.35</font>)
CO (<font color="#0000cc">$77.70</font>)
BTN (<font color="#0000cc">$142.80</font>)
SB (<font color="#0000cc">$53.80</font>)
BB (<font color="#0000cc">$78.70</font>)

Pre-flop: ($1.5, 5 players) Hero is UTG Q[img]/images/graemlins/spade.gif[/img] 2[img]/images/graemlins/diamond.gif[/img] 2[img]/images/graemlins/heart.gif[/img] Q[img]/images/graemlins/club.gif[/img]
Hero calls $1, <font color="#777777">1 fold</font>, BTN calls $1, <font color="#cc0000">SB raises to $5</font>, <font color="#777777">1 fold</font>, Hero calls $4, BTN calls $4

Flop: K[img]/images/graemlins/diamond.gif[/img] 2[img]/images/graemlins/club.gif[/img] A[img]/images/graemlins/heart.gif[/img] ($16, 3 players)
<font color="#cc0000">SB bets $16</font>, Hero calls $16, <font color="#777777">1 fold</font>

Turn: T[img]/images/graemlins/club.gif[/img] ($48, 2 players)
<font color="#cc0000">SB goes all-in $32.8</font>, Hero calls $32.8

River: 9[img]/images/graemlins/heart.gif[/img] ($113.6, 2 players)

Final Pot: $113.60

he insta bets outs both times.
fold preflop? if not folded preflop what to do on fop and turn?