I tried it last year with some live shiners or waxworms/Euros. One of the best aspects was that I was easily able to feel the bottom content/firmness with a 1/16oz Tungsten weight.
I caught a few walleyes on the shiners. That worked pretty well, and I’ll likely do it again this year. I liked that I could keep the bait pinned under my transducer cone, so I could see the walleyes approaching.
With the waxworms/Euros and a small hook, I was having poor hook-up ratios and getting robbed for a lot of bait by sunfish. I wouldn’t recommend that. I was just using a splitshot weight instead of the 1/16oz tungsten.