first of all, what's the reasoning for suspecting opponent has a big overpair or set based on a) him raising, and b) him continuation betting into one player. almost no opponent is transparent enough to make that deduction, and if they are, you should be able to take all his money eventually
and if the flop gives you a combo draw with 17 outs, you're ahead of an overpair, not to mention there's already money in the pot to be won. a set is very unlikely probability-wise, and you're not very far behind one at all. i'd raise, call a shove. there are loads of times where he won't have either, so you definitely have fold equity. i repeat, you're ahead of an overpair. in a cash game, +EV is all that matters. there is no tournament survival element unless you're playing beyond your bankroll
plus if you just call, even when you hit the turn, your hand is often transparent and you don't allow yourself to get max value. not to say it absolutely can't be done sometimes to mix up your play, but i without doubt favor raising and calling a shove.