Some people use jig hooks without any lead poured on them and tie them closer style.
But they are normally tied on hooks like a clouser and fished on a fly rod, though you can rig them for crappie as well.
It will sink them, but it may be slower sinking than a say 1/16th oz jig, depending on the weight of the dumbbell.
I tie my clousers with dumbbell eyes on I believe the model is 2546 Daiichi hooks. They're saltwater hooks, but can be used in freshwater as well. I live near the coast and want them to be multi purpose. For crappie I use #6 hooks, and also tie #4 and #1 hooks.