A friend just got back from a 10-day trip to the East Cape and he spent one day targeting grouper. He normally fishes Owner or other quality hooks, but for some reason he made his grouper/bsb rigs using 100# to off-brand made in China 11/0 hooks he picked up at a swap meet.
He landed a couple around 40 lbs with no problems, but toward the end of the day he hooked into a fish of a lifetime probably in the 200+ range. He was on about 3 seconds before this happened.
Moral of the story... don't cheap out on hooks or any other gear!
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