In olden times ( late 70's to early 80's) the old spoon bill stick baits were the tool used to get deeper. Rebel & Smithwick both made spoon bill models. Weighting them and getting them to stay down was a challenge and varied quite a bit, mostly due to water temps. Before the Storm suspend- dots were marketed, guys wrapped solder or various gauges of thin wire around the shanks of the treble hooks.
Weighted sticky tape was known to golfers before it became common in bass fishing circles. You had to cut it to fit and figure out where sticking it on the lure worked best. Trial & error. I remember quite a bit of discussion as to which was better - sticky tape cut to fit stuck on the body of the lure or wire wrapped around the hook shanks.
Another school of thought was that if you are fishing jerk baits in clear, cold water, depth didn't matter that much. The thinking there was that if you happened to get bit with a deep diving jerk bait, you were just a likely to get bit on a jerk bait 3 feet down. The idea being that the suspended jerk bait, with its tiny quivers was the attractor and the depth wasn't that much of a factor, and a fish would move upwards 5 or 6 feet if it was attracted at all.
I just listened to these discussions, I didn't have that many rods & reels then and I for sure didn't have money to purchase spoon bill jerk baits. During that time, my best clear & cold water bait was a Brewer slider worm fished on 6 lb line.
Close to the same time, or maybe a little later in the 80's, Rick Clunn partnered with Norman Lures to produce a suspending jerk bait. It was a hollow jerk bait with a little plug in it and it came with a little injector and the idea was that you squirted water into the bait and then put in the plug, hopefully getting it to suspend at the depth you wanted it to. Decent idea - didn't work all that well and I only remember the bait being on the shelves for a season, maybe two seasons at most.
Around the same time, In-fisherman magazine was writing about how to doctor floating Rapala and Rapala husky jerks to get them to suspend at different depths. It seemed more trouble than it was worth to me, and them admitted that you would probably ruin several baits drilling into them before you learned how to drill and weight them correctly.
So, there is a anecdotal history of suspending jerk baits. These days, if I feel I've got to suspend a jerk bait, I use Lucky Craft Pointers (78's and 100 sized, both suspenders and DD style) and Stay-sees and mess around with the sticky dots. Currently that seems to be the easiest fix to the problem.