In order of how common the occurrence is, from my experience fishing Ontario lakers, there are days where:
1) a white tube outfishes all other offerings.
2) dead bait under a tip up/deadstick/set line or whatever will either be equal to, or outfish a white plastic tube
3) other baits (spoons, airplanes, jigs, whatnot) will fish equally compared to a white plastic tube or tip up
4) flashy baits like spoons and raps will outfish a white plastic tube(personally I have not seen it happen very often at all(once or twice in the last 25 yrs, maybe), but I am sure it happens more often than that.
Personally, I see the above scenarios play out in a 70, 15, 10, and 5% breakdown in frequency.