Mark, the rigging you described is more or less how I was gonna rig them. However, I dont like the three way, its just a little too bulky and gaudy for me. But, those who use it have told me they like that and that it adds attraction. That may be the case in many places, but in clear waters where there exists a more pure bass/trout interaction I think I want as little hardwarde as possible. Ive also seen many use red hooks.

Ill look into the ring thing.