Are you going to use a regular downrigger ball with it's own line and a clip to your fishing line? Most bounce ball rigs for Halibut have the weight attached directly to the rod. I would recommend braided line in either case rather than mono. It will get you to the bottom at a steeper angle (less line out), and is more sensitive (less stretch). The hardest/most frustrating thing for me has been getting the setup down without wraps and/or tangles. You need to be constantly moving forward when you lower your line slowly to deter this.
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