i use 10 pound all the time on tipups. mono is cheap and i catch pickerel all day with that. flouro is a bit better for high pressured lakes and bass. just check for nicks in the line every couple of fish, and replace the leader or slide the hook up and cut the bad part. you'll be fine with that.
go with as light as you can , without sacrificing the strength you'll need for the "big one"