FWIW, the Owner stingers I've used on tuna plugs seem to rust much faster than VMCs... significant discoloration after one trip. These were attached by splits, so I dunno how they'd be if you cut them.
I bet they're still just as strong, however. I've straightened more VMCs and splits this year fishing boulder fields than I ever have before, and if it weren't completely cost prohibitive then I'd change all my hooks over to the owners. I only use the owner splits now- don't trust the other ones, wolverine or not. Haven't noticed any rust on those, yet.
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