I was playing today 10nl on an app and find my self in a very loose passive table. Basically almost every round was at least 4way SRP or limped pot. Preflop almost no 3betting was happening, a lot of folds to squeeze. Postflop everyone was playing straight forward, some overplays here and there but definitely no calling stations.

Is there any reason why I shouldn't play all my small-medium suited aces by limping or flating preflop?

By squeezing we avoid rake, win a lot of dead money quite often but the EV of flating seems just greater to me bc they will have ton of worst flushes which when hit are never folding. Plus we realize our equity for a very cheap price versus them.

Any thoughts?

When I usually find myself playing with a bunch of loose passive players I tend to raise only my top hands and flatting/overlimping a huge chunk of speculative hands. However, I play MTTs so dynamics might be different as there is rake.