Is this an open, and now what? PLO 10

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Is this an open, and now what? PLO 10

Blinds: $0.05/$0.10 (6 Players) UTG: $10.25
MP: $10.00 (Hero)
CO: $14.76
BN: $10.00
SB: $10.95
BB: $14.31
Preflop ($0.15) Hero is MP with 8 7 9 2
UTG folds, Hero raises to $0.35, CO folds, BN calls $0.35, SB calls $0.30, BB folds
Flop ($1.15) T 4 6
SB bets $0.50, Hero calls $0.50, BN raises to $2.90, SB calls $2.40, Hero calls $2.40
Turn ($9.85) T 4 6 Q
SB bets $7.70 and is all in, Hero folds, BN calls $6.75 and is all in
River ($24.30) T 4 6 Q K
Final Pot SB lost and shows two pair, Kings and Queens.
BN wins and shows three of a kind, Tens.
BN wins $22.36
Rake is $0.99

Should this be an open from MP or is it too loose? SB is a reg but is doing lots of weird things. If SB would have checked, should we bet like 50% of the pot here? Sucks when we gets raised, but surely we want to build the pot a little here?

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