We report matched resolution imaging spectroscopy of the CO 3-2 e (with the IRAM Plateau de Bure millimeter interferometer) and of the Hα e (with LUCI at the Large Binocular Telescope) in the massive z = 1.53 main-sequence galaxy EGS 13011166, as part of the "Plateau de Bure high-z, blue-sequence survey" (PHIBSS: Tacconi et al.). We combine these data with Hubble Space Telescope V-I-J-H-band maps to derive spatially resolved distributions of stellar surface density, star formation rate, molecular gas surface density, optical extinction, and gas kinematics. The spatial distribution and kinematics of the ionized and molecular gas are remarkably similar and are well modeled by a turbulent, globally Toomre unstable, rotating disk. The stellar surface density distribution is smoother than the clumpy rest-frame UV/optical light distribution and peaks in an obscured, star-forming massive bulge near the dynamical center. The molecular gas surface density and the effective optical screen extinction track each other and are well modeled by a "mixed" extinction model. The inferred slope of the spatially resolved molecular gas to star formation rate relation, N = dlogΣstar form/dlogΣmol gas, depends strongly on the adopted extinction model, and can vary from 0.8 to 1.7. For the preferred mixed dust-gas model, we find N = 1.14 ± 0.1. © 2013. The American Astronomical Society. All rights reserved.