I've often wondered how other people handle this situation, which I seem to run into alot:

You limp in with a marginal hand like KTo from mid position (no callers in front of you). You get callers behind you, but not the small blind.

Flop comes K rag rag, but the rags are connecting or one-holed and there is a flush draw. Big blind checks, and you have 1-2 players after you.

Do you:

1. Check, giving a free card to opponents you might have beaten at the moment? If someone behind you bets, do you check-raise or fold?

2. Bet your standard "tease the chasers" amount of 50-100% of the pot? If you're called, do you put them on a better King or a flush draw?

3. Overbet the pot to eliminate all but the fishiest chasers? Do you assume that you are beaten if you are called/raised?

I'm still not very comfortable being OOP against a draw ridden board without a strong kicker. What do most people do in this situation?
I'm agressive, so I tend to bet my usual amount as in #2, and sometimes fire away again on the turn and sometimes slow down depending on who calls me. I've lost some nasty pots to players I put on a flush draw that ended up having a better kicker. And I also bet I've been bluffed by river raises by players who have missed their draws.

Thoughts? I hate being out of position without premium hands, it just sucks.