Good post slabbandit. Yes that is the surgons loop.
In order to end up with a smaller loop I will use the jig eye to hold the big loop as I am closing the knot and just before it tightens up around the hook eye I slip the loop off the hook eye and tighten it up. If I don't get the loop off over the jig eye before the knot tightens it won't be a loop knot so I will have to clip and retie.
I'll use this for both jigs when using tandem jig or sometimes tie the bottem jig using a palomar knot. I sometimes feel like the fish prefer the loosly hanging jigs over ones tied with a palomar knot.
For me the knot works well with either mono or braid.
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