I catch more perch and crappie with my tipups than I do jigging on most trips. The key is the tipup must have a super-sensitive flag trip, a totally free-spinning spool, and the lightest possible leader line, splitshot and hook for the small minnow you are using.
I get very few hit and drops even from notoriously spooky crappie, with my 6# mono leaders, size 10 trebles, and tiny split shots barely big enough to keep a 1-2" minnow down. Other guys that I fish with that have anything beyond what I mentioned, even a spinner blade, get mostly hit and drops.