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I tie a swivel on the end of tipup line then add about a foot of the braided line and tie on a swedish pimple no trouble hook, then I tie on a foot of 10 or 12 lb monofiliment line to a hook. Size of hook your choice. I hook minnow thru the eyes. I keep minnow about 1 to 2 ft off the bottom. Just the way I do it, works fer me. I am experimenting with how I hook the minnow. The pimple gives you just a bit of weight you need. I dont have pike in my area or at least not many, I use this for mainly walleye. I do get a few bass on it tho.....
you wast that much money on a weight? i just buy split shots, you get like 120 of them for a buck, or a spoon for 3 bucks you do the math.
i believe the pimple is being used as an attractant.