Ok I think I have some of the answers now with Equilab.
With the following ranges:
CO: 44+,A2s+,K6s+,Q7s+,J8s+,T9s,98s,A6o+,K8o+,Q9o+,J9o+ (30%, standard PS TAG)
BB: 66-22,A8s-A2s,K2s+,Q3s+,J6s+,T6s+,96s+,85s+,75s+,64s+,53s+,A9o-A2o,K8o+,Q9o+,J9o+,T9o,98o
We will have a pair 43.61% of the time on the turn and stronger hands 3.26%, so we are at top 46.87% of our range right? If we fold our flopped 2nd pair then we would fold 46.87%, correct?
This should mean that we would never fold a pair. Because if we certainly should not be folding 34% of the time against an unknown, then we need to continue with at least top 66% of our range.
The question here is exactly how light we should call down? We are getting the odds 7.2:1 vs a free showdown raise, so in that case we need to be good in 1/8.2=12.2% of the time right? But how do we know how often it's good to fold?
Furthermore if CO bets river we are getting the worse odds 9.2:1 right? In that case we need to be good 9.8% of the time.
Does it sound reasonable to play something like this:
c/r flop: all pocket pairs, 6x, Qx and some strong flush draws (like A and K high).
c/c flop: all other flush draws, Ax, backdoor draws.