Yeah, the way Nick rigs it is very productive but very time consuming. He uses a magnet on the head w/ a treble attached. I had a pic, but I cant seem to find it.
Butch has obviously proved his way works, thats another great way.
If you were to get a 12 or 16, I truthfully leave the jig hook on and I find I get an extremely high percentage of fish hooked up, and I dont seems to lose them once there on.