The 150 chips we pick up "uncontested" preflop (which rarely happens here since we KNOW the BB is really loose) Isn't worth the times where we get called by 1-2 players and have to check/fold the flop a high majority. Or the times when we c-bet, get flat called and then have to give up. Add to that we have an implied
odds type hand with 16BB's, it's a clear fold in any position.
Perhaps the button we might be able to open, but it has nothing to do with our hand. We would be opening knowing the BB is going to make a mistake by calling preflop, and hoping that he folds postflop too often (Guys like this, tend to be calling stations in my book, so this would be a horrible idea, but agaisnt some opponants it can be good)
Ben - think about the times when we actually hit those two flops you mention, they are about the only one's we like. Then think about how many flops do not hit us and work out which one happens more often. Think about how many times we pick up a few extra chips, and how often we lose a few chips. Which one do you think has a bigger impact, and which one do you think happens more frequently, given our knowledge of buyin level and this opponant.
Xavier - Our position is important, don't get me wrong. But it's not more important than knowledge of our opponants. Our hand is worthless right now, even on the button, we may as well be using napkins cards. So realistically, we would be going for an all out steal attempt vs a BB who is known to be very loose. It might actually have merit if we know the BB is going to call pre and fold a ton postflop, then it could actually be a good play, but again, it has nothing to do with the fact we are dealt pocket 6's.
OP - 16BB's, worthless hand, Loose BB, players to act behind who can do all sorts of dumb stuff, We can use our push/fold skill over opponants later in the game, it's an easy fold.