the obvious advantage is that on a 2 belly hook plug, the hooks can now be further apart so they don't end up married on a cast and fowling .
if you put some nail polish on the cut, it helps a lot with corrosion
split rings help with hook swing when you need the hook to be free swinging, or on a tail loop that might be a little too small, you can use a split ring so the hookeye doesn't bind up.
I have some old mustad cut hooks(the good ones) that I use for dannys, but I'm almost out.
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