#2 Gamagatsu octopus circle hooks ,(for 4 or 5 inch stickbaits) all day long for me. No need to even set a hook. Just start reeling and sweep the rod to the side when it loads up. I'm not a fan of the O ring or shrink wraps. Over the years, and thousands of bass landed in my boats on Dingers or Senkos, the presentation of a #2 hook, light braid, fluro leader, and No extra components has outfished all other setups by a very wide margin. Yes, you will go through many more baits, but you will also get more bites, and ultimately more fish.
My technique though is suited for clear Wisconsin lakes. I want the bait to fall as slow as possible, with the tips of the bait emitting the most natural quiver, on a near invisible setup. On rivers I think you could get away with bumping up a hook size and going with straight braid and still contact a bunch of fish. Every situation is a bit different. Many don't often consider fall rates of baits either. The Yum Dinger has a much slower fall then a senko. For instance, in spring when there is light wind and I am fishing in 4 feet or less the dinger will outproduce a senko by a wide margin. The slower fall keeps the bait out of the weeds and available for fish to see longer. Come post spawn when the fish move out to 5-8 feet for a few weeks the senko is a much better choice because the dinger will take forever to get in the strike zone. Finally in Summer, when fishing bass on the deep weedline (10 foot plus) a standard wacky rig is impractical. They make weighted wacky hooks that still drop the bait slow that are perfect for the situation. The biggest mistake I often see on my boat is other anglers wanting to fish the exact same setup year round. It would be nice if it worked that way, but to maximize success the presentation not only has to be adjusted during different seasons, but sometimes even throught the course of a day as weather conditions change.
As you can see I love talking wacky fishing. I could write a bunch more on bait size, but I gotta get back to work, lol.