I run 40 lb Maxima clear for the leader and tie 2 egg loops about 1 and 1/2" to 2" apart. I use size 4/0 or 5/0 hooks, either Owner, Gami, or Matzuo sickles. Lately I have been leaning to the Sickles. I almost exclusively use the 4.5" squid, but also run Ace-Hi's on the same setup. If I run the needlefish style squid I go a little smaller on the hook. Leader length is usually always the same, 2 and 3/4 wraps around a 11" flasher, so roughly 36".