I like calling. We can try to hit the set, and if we don't we can check behind the station to see what he does after the button bets. If the button c-bets and the station folds, we can often raise and take down the pot with the best hand (board-dependent, of course). If we 3-bet, we're going to be pissed when they both call and one of them beats us with a hand that we were dominating simply because we didn't have the type of hand that we could bet strong with postflop.

That said, if Button ever folds to 3-bets (65%+), a squeeze here is highly profitable. We probably have at least 60% equity against SB's call and we will be playing a 3-bet pot in position against him with Button's dead money in there. Even a station will check/fold an overcard on the flop in a 3-bet pot. So it really depends on how often Button calls 3-bets. We definitely don't want to be 3-way in a 3-bet pot with 88.