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well here's our two set ups. for pike we use just the line with the leader and hook on the end, and split shot a foot above leader. The button to mark our line for each set up. For trout we use the set up currently tied on. A swivel and an arm length ( 6 feet ) of 10 lb spider wire, small splitshot to keep the bait at respected depth. Hope this helps. (Image removed from quote.)just remember to slide your button back to your leader during the end of days teardown. so your ready for the next trip out. As for depths we fish pike at 3 to 30 feet of water. near points or bays . An arm length under the ice usualy works well for me. Trout we usualy set up about the same. No flags i'll change my set up to find something that works. I will often troll my tip ups to check bait and clean holes of ice build up. Play with different set ups and find what works for you. I know my set up is probobly odd to some, but its what works for me. good luck and keep us posted.
Thanks for the tips guys. I am packing them up and heading out tomorrow. Not taking any rods with me, so I'll have to use the tip ups.