I use a circle hook if the rod is going to be in a spike but prefer a gami octopus if the rod is in hand. It's hard to resist wanting to cross their eyes when you feel the take.
For cut bait, I had much better luck last season with cutting bait into a longer, thin filet (feeding the hook point through a couple times) rather than a chunk, especially in the dog days of summer. I'm guessing the movement may have helped.
As far as the braid vs mono question, if Penn makes a spare spool for the 7000, you could probably pick one up for short money and load it with braid. It's definitely worth a try for certain types of techniques and will give you greater options without having to commit to one or the other.
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