$200 PLO8, huge draw, huge action

[AllIn3High]

So I normally play $1/2NL but since I was hung over I decided to play one table of PLO8 instead of multitabling my regular game.

I couldn't get any handconverter to work so I've transcribed the action. (PS: Is there any converter out there, that works with Party?)

6-max Party PLO8 200.

Seat 2: Button ( $651.96 )
Seat 3: SB ( $458.58 )
Seat 5: UTG ( $493.48 )
Seat 6: Hero ( $805.21 )
Seat 1: CO ( $83.13 )
Seat 4: BB ( $250.77 )

Hero is MP with 8[img]/images/graemlins/spade.gif[/img] Q[img]/images/graemlins/heart.gif[/img] 9[img]/images/graemlins/spade.gif[/img] J[img]/images/graemlins/heart.gif[/img]
UTG folds
Hero raises [$7 USD]
CO folds
Button calls [$7 USD]
SB calls [$6 USD]
BB calls [$5 USD]
FLOP: T[img]/images/graemlins/heart.gif[/img] K[img]/images/graemlins/heart.gif[/img] 5[img]/images/graemlins/club.gif[/img]
SB checks
BB checks
Hero bets [$26.60 USD]
Button raises [$106.40 USD]
SB folds
BB calls [$106.40 USD]
Hero ...

Button is the main reason I'm in the game, he's a bad LAG and has blown through at least 5 BIs at this point.

BB's call worries me, he hasn't been out of line and is generally one of the tighter players in the game.

Note stacksizes. Comments on the play so far is appriciated as well.