Since Burbot (Eelpout) feed at night and I hear they feed by smell we usually use any kind of braid. Tip-up line is fine. I often use 80# braid left over from one of my Halibut rigs and it is white.
Here in Alaska we have to use dead bait and I usually use Herring with a 5/0 or 6/0 hook to meet our Burbot fishing regs(1/2" gap between point and shank to help keep people from targeting lakers). I usually run the hook through the herring and then back through with hook point facing the tail of the bait. Most fish prefer to eat their prey head first as this makes it harder for the prey to get away(they can't swim backwards).This puts the point facing the right way., Double hooking like this makes it harder to steal the bait.
Also my lines are set on the bottom per our regs and left out overnight and checked in the morning.
Hope this Helps.
btw my last trip we caught 24 small burbot biggest being a hair over 2#.
Still made an excellent fish fry though.