I've been using blades for many years when the ice first comes off the water, until the weeds pick up. Probably one of my most successful, early season presentations. However, loosing them is a problem, regardless of their effectiveness. Barlow's Tackle has pre-molded blade bait bodies (no hooks). When you add split rings and trebles, the cost is down somewhere around $1.50/each, when purchasing 25 at a time. Very cost effective. Lipless cranks do the same, but at a much higher cost!
I have probably 6 or 7 different brands of blades that I bought over the years and have cost me upwards of $5.00 - 6.00 each! None of them have been any more effective than the run-of-the-mill, standard blades, like a Silver Buddy or Heddon Sonar type. The more expensive and varied configurations do little, in my opinion, to enhance my success ratio. (But if you have a particular brand that increases your confidence level, then that's all that counts, right? The object afterall, is to catch fish!)
All blades will catch smallmouth, largemouth and especially lake trout, during this early, cold water period. I fish them on a medium spinning rig with 8# test fluoro. Long cast, letting the bait hit bottom. Then I raise it just enough off the bottom (and with enough snap) so that I feel the first couple of vibrations. Then I drop it again and repeat, back to the boat. You won't have to guess when you get hit! Works in lakes, reservoirs and rivers, although you loose a lot more in rivers obviously. Normal day I'll loose maybe 2 or 3 blades per trip. Not bad when you buy them in bulk (or make them yourself).