Keith:
Pegging the indicator is a problem almost no matter what you use.
If you tie on the indicator somehow you must untie and reposition
whenever you change location or depth....that's normally often.

If you use some system that will slip so it's easily adjusted, it usually
slips some from the shock of the strike/hookset and water lubrication. This changes your depth
when you don't want it changed and sometimes you don't realize it when it happens.
Depth is extremely critical so it can take ya out of the game.
The rubber or rubberband inserts are the worst of all for this.
There are already indicators with a plastic insert peg and they aren't
much better than wood pegs. The problem is insolvable and you best
recheck your depth setting often, esp. if you were getting bit and suddenly
it ceases.

Tip: try Gibbs first. Leland is a much tougher show and deeper so hatches
are later there. Don't expect much right now. It's still 2 months to prime
time, but you may pick up a few fish cause chironomids hatch to some degree over
there nearly year around.