I like the Gamakatsu octopus (not circle) or dropshot hooks in #2 to #2/0. The BPS versions are good as well. But my favorite is a Gamakatsu #1 wide gap finesse. I need to get back to the hook-up to get some more.
I use a spinning reel so I splitshot. I use just enough weight to keep my line from bowing too much in the wind. A #7 to #5 if it's just breezy, a #3 if it's windy and a #1 if it's howling. I leave the shot pretty loose so I can slide it. If the boat is bouncing from swells I slide it as close as 6" to the hook to keep the bait from wrapping up. If it's calm 12"-18".
I try to talk everyone that comes out with me to use 100% floro. Those that don't, are borrowing some for a leader in a couple of hours. I know it's stiff, kinky and prone to twist but it catches fish. Toasty was dead set to make his green mono & green braid work. After I caught 15-20 fish to his 0, he switched too.
I take an anchovy and cut off the head, cut 1" to 1.5" chunk out of the body and that's two pieces of bait. If the dinks are hammering me I'll switch to a whole anchovy hooked through the hard part of the head. They'll still pick it apart but I've got more of a chance of a lazy keeper swiping it away from the little guys. If I happen to see a dink pecking at a whole anchovy, I'll drop it 2-5 feet and often a keeper will pick it up. Shhh, don't tell anybody that one.