I had a thought - why not use a heavy mono or fluorocarbon line uni-knot tied to the main line as a slip knot.
http://i76.photobucket.com/albums/j3...pscf357289.jpg
The knot slides up and down and a bead can be used for slip floats to control leader depth. In the picture 20# test line was used over 10# test and the knot on the right was slid closer to the sinker.