I use this setup for big blue catfish in my local lakes, and a buddy I know in CA uses welded ring circle hooks for big yellowfin tuna. The basic idea is that the hook is able to pivot freely on the split ring & makes it easier to set correctly in the jaw or corner of the mouth. Also makes it harder for the fish to lever the hook out when it bites down.
Seems like this would be useful for redfish, but dunno about trout, as I've not fished for them much.
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if Zeek likes it must be real good