I've been doing this for years, mainly on blade baits like the Silver Buddy. We drift jig for smallmouths and lake trout here on a deep, clear water reservoir. Started out loosing maybe a half dozen blades each day when jigging 25' down to 65' of water. This predicated my switch to single hooks.
I started out using 1/0 Siwash hooks, 2 on each lure. Snagging was reduced until I switched to only one siwash on the rear hanger. Now I loose maybe one to three blades each trip. So...I've made another switch. Now I'm using the VMC In Line Single hook. What this does is to keep the point more inline with the center of the bait, as opposed to off to one side or the other with the siwash. This "In Line" feature has the eye of the hook in line with the main shaft, not 90 degrees off as with all other hooks. This will be my first season with this arrangement and so far, I am impressed.
I will now post pictures, in succession, to these modifications, followed by some of the fish I've caught on them. Usually I would post a picture, then write an explanation, then post another picture. But this new format prevents me from doing that, so here are the pictures.
The first is with the Siwash hook and the second is with the In Line hook. Unfortunately, these posts only allow two pictures, or I'd have included some of the fish I've successfully caught with these modifications. That being said, one other caveat I've incorporated which is that all my barbs on all my lures (trebles included) are crushed down. This reduces the injury to the fish, as well as the fisherman. Finally, I just want to say that barbless hooks (which I've been using for over a decade now, have not caused me to loose many fish.
After I hit the "submit" button, it reversed the sequence on me!??? Anyway, the first is now the In Line and the second is the Siwash! This is very aggravating in trying to post here any more! Disappointing to say the least!