Would you have capped it pre draw?
What about leading out after the first draw?


PokerStars Game #29808611817: 8-Game (Triple Draw 2-7 Lowball Limit, $4/$8) - 2009/06/26 15:20:41 ET
Table 'Coelestina IV' 6-max Seat #3 is the button
Seat 1: toddthedon ($114 in chips)
Seat 2: bigfish302 ($114.85 in chips)
Seat 3: 178013 ($243 in chips)
Seat 4: aucu ($196 in chips)
Seat 6: shaniac ($281.40 in chips)
aucu: posts small blind $2
shaniac: posts big blind $4
*** DEALING HANDS ***
Dealt to aucu [2s Tc 7d 5s 6h]
toddthedon: folds
bigfish302: folds
178013: folds
aucu: raises $4 to $8
shaniac: raises $4 to $12
aucu: raises $4 to $16
Betting is capped
shaniac: calls $4
*** FIRST DRAW ***
aucu: discards 1 card [Tc]
Dealt to aucu [2s 7d 5s 6h] [Js]
shaniac: discards 1 card
aucu: bets $4
shaniac: raises $4 to $8
aucu: calls $4
*** SECOND DRAW ***
aucu: discards 1 card [Js]
Dealt to aucu [2s 7d 5s 6h] [4c]
shaniac: stands pat
aucu: bets $8
shaniac: raises $8 to $16
aucu: raises $8 to $24
shaniac: calls $8
*** THIRD DRAW ***
aucu: stands pat on [2s 7d 5s 6h 4c]
shaniac: stands pat
aucu: bets $8
shaniac: calls $8
*** SHOW DOWN ***

against shaniac, that's fine. leading after the first draw is ok, as is c/cing if you want to reduce variance, as is c/ring for sort-of-value. longterm, most of those are fairly equal, so it's mostly metagame and variance concerns that you should be thinking about.

c/r after the 2nd draw, don't bet out unless you are pretty sure that you can b/3b.

100% cap it predraw. This is a monster hand in a blind vs blind situation.

I would c/c on first draw. Even if you have the best 4 card hand, any 2 decent 4 card hands have similar equity, and he has position and is freerolling you to have made a pat hand.

After second draw you should be checking here 100% with all your hands unless you have some sort of wacky read. So I would c/r here because he is going to bet all his hands and your hand is way ahead of his range.