Is squid a vialble alternative to eels

[fcap60]

Since eels may be on the decline, I'm just curious to know if any of you have considered using squid as an alternative.

1. You can catch them is use them live (sometimes);
2. They are readily available fresh, dead (fish markets, grocery stores);
3. How about squid skin plugs (can't be that hard to make) , and
4. Rigged squid (I can think of a few ways to attach them to a wobble plate) ?

Any thoughts ?