Not posted here for a long time, so here's my 5c worth of contribution to the forum.
After many years of fishing, I realized I wanted something halfway between a Hong Kong hook and a jig, it was not until recently that I came upon a solution which was cheap and can be easily made yourself. This is what I came up with. Intead of jigging it, you bounce it along the bottom like a Hong Kong hook. Put on some real sotong tentacles and you are ready to go.