Here is my thinking
1) The bike is a pretty passive game (in comparison to other live venues)
2) I rarely get paid by bike regs, and especially never by bike nits.
PF: I hate raising small pairs after limpers - rather look for potential sets.
Flop: this guys leads wit strong hands. Everyone else know that. I get more value by flatting, and re evaluating the turn.
Turn: I felt his small bet was either a blocker to go for a flush, or he had a very strong hand. Since I am no longer worried about a flush, I'd rather let Him hit it - at the same time if he is crushing me, I'd rather keep the pot as small as possible.