Discussion so far has been centered around what BB will/won't do in the face of our bet. What tips the scales for me is EP's presence in the hand. Even players by this description at 8/16 are somewhat positionally aware, and open-limping requires more courage (and a slightly better hand) from these timid creatures than just joining the Limp Train when it rolls through town.
BB and EP ranges are loose, ill-defined, but probably not completely ******ed. EP will call with virtually anything, and BB is likely to C/R us with two Uno cards (Draw Four + Yellow Reverse FTW). The flop has a K and Q in it. We have a pair of deuces. No need for heroics here. Time to check and see if we improve, IMO.