another micro PLo8 question

[brian64]

PokerStars Pot-Limit Omaha/8, $0.02 BB (9 handed) internettexasholdem.com

Button ($2.07)
SB ($0.95)
BB ($5.86)
Hero ($1.57)
UTG+1 ($2.74)
MP1 ($7.02)
MP2 ($4.06)
MP3 ($3.15)
CO ($1.11)

Preflop: Hero is UTG with 6[img]/images/graemlins/heart.gif[/img], 2[img]/images/graemlins/diamond.gif[/img], A[img]/images/graemlins/spade.gif[/img], 5[img]/images/graemlins/heart.gif[/img].
Hero calls $0.02, <font color="#666666">1 fold</font>, MP1 calls $0.02, <font color="#666666">4 folds</font>, SB completes, BB checks.

Flop: ($0.08) 8[img]/images/graemlins/diamond.gif[/img], 7[img]/images/graemlins/heart.gif[/img], J[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(4 players)</font>
SB checks, BB checks, <font color="#CC3333">Hero bets $0.08</font>, MP1 calls $0.08, <font color="#CC3333">SB raises to $0.4</font>, BB folds, Hero calls $0.32, <font color="#CC3333">MP1 raises to $1.32</font>, SB calls $0.53 (All-In), Hero calls $0.92.

Turn: ($3.65) 8[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>
Hero checks, <font color="#CC3333">MP1 bets $1.94</font>, Hero calls $0.23 (All-In).

River: ($5.82) K[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 2 all-in)</font>

Final Pot: $5.82

My opponents showed 9[img]/images/graemlins/club.gif[/img] 4[img]/images/graemlins/club.gif[/img] T[img]/images/graemlins/club.gif[/img] A[img]/images/graemlins/heart.gif[/img] and 4[img]/images/graemlins/diamond.gif[/img] 9[img]/images/graemlins/diamond.gif[/img] T[img]/images/graemlins/spade.gif[/img] 3[img]/images/graemlins/spade.gif[/img] so in this case I had almost 50% equity on the flop, but generally speaking what is best on the flop? Is my initial bet wrong? Fold instead of 1st call? Fold instead of 2nd call?