Interesting subject. I find that when the float is leaning downstream (float above 12:00) and a fish hits I tend to lose more. Some bobber fishermen feel that's because the jig in that situation is drifting with the hook upstream, exactly wrong for an effective hookup. Think about it. I do know that when the float is being slightly retarded (and therefore drifts with the hook pointed upstream) the "take" is much more positive. That makes sense since the hook is now oriented in the right direction....or so it seems. I rarely lose a fish when it is hooked past (downstream of) 12 o-clock.