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I've used red gamakatsu octopus hooks for years now with great success. I dont know how much of a diff the red color makes but I like em.
I was told by a guy who was fishing next to me last year that red hooks wont rust out of a fish if you have to cut the line. I have noticed an increase in bites with red hooks but i am always worried that it might not be the best thing for catch and release so i got away from them this year. Could anybody shed some light on the corrosive properties of red hooks?