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I've always added a split shot up high anytime I've needed extra weight not a big deal. Plenty of small lead baits like the Lindy toads. I'm not a huge fan of tungsten hooks. I think they have gotten better. They definitely have the bling factor on the vexilar. Show up great!
Plus a split shot changes the action of small plastics dramatically. I use tungsten for the same reasons listed above - small jigs get down faster, good jig action, smaller jig with nice feel through the rod
Is a pound feathers the same as a pound of gold? A 1/8oz weight is an 1/8oz. I like the tungsten because the size of the actual weight is smaller. Don't like the price tho.