I had this dilemma in a spot in the canal where I got cut off by large bass twice. A couple weekends ago I hooked a good one at the same spot. After a while I could feel the line rubbing. I pretty much had control of the fish, but the angle was an issue. Several times when I felt the tension and rubbing increase I dropped the rod and let the line go slack for a good while. Each time when I did this and then started reeling, the rubbing had decreased. Eventually I got the fish past the trouble spot. I took it slow and got the fish in by gently working against the current since I knew the line was likely damaged. Got the fish in, my buddy unhooked it while I grabbed my camera, took a few pictures and released it. When I picked up my rod, I started to reel up the slack and found that my jig wasn't there. I went down where the fish was unhooked and found my braid was cut off about a foot above my 30 in. or so mono leader. Must have been really frayed and broke completely when my buddy unhooked it, although he had no idea. I can't imagine how close I was to losing my 3rd big bass at this spot (which may have lead to some good deals on buy and sell) , although I knew I was in trouble during the fight. Turned out to be my personal best. Anyway, the point is the slack seemed to help big time.
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