i have not tried the red hooks yet. i just would imagine the effect would get lost in the sea. such a small amount of red can't have any change, in my opinion.
i have gone through a lot of hook styles, sizes, and makes in the past few years, i have settled on 4/0 and 5/0 gami live bait. they are super sharp right out of the package, they keep their point, and i am confident in them. i have not noticed any fewer fish with them, but i have that trust. i tried circle hooks, but actually gut hooked more fish than with conventional hooks!
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