Good picture, Doc!
I would ask myself, "How about a long shank hook?"
I was going to let this die, but thought maybe a reponse might help.
Couple of points....I don't use bait, so I can't verify my tie up with bait use....secondly, I was talking about a single hook tie up (I don't use doubles, either.....and that's another subject.)
I respectfully disagree with your deduction that the bite of the beaded egg loop decreases the hook's effectiveness. It creates a modified "C" hook, which most already know have decreased hooking effectiveness for anything but inhaled bait, but seldom lose fish after hookup. The difference being, however, that the hook is not "welded in place", so to speak (as my photo may imply), but rather free to swing to a fully open position for hook up when under little or no pressure of drift fishing, but under pressure (after hookup) the bead position causes the hook to remain buried.
Think about it.
If you think it doesn't work, don't use it. But, I assure you it does. Since you obviously fish a lot and can afford a lost fish or two why don't you try it out.....even begrudingly....then come back and report on your findings? Only you can decide whether or not to give up bait for a trip or two, though.
I don't need to sell this point, nor do I need to prove it. I use it, it works.