Not a new rig, its just a 'bolt rig' that happens to have a bit power gum in the make up.
Here's a real pic of the droppers I've started making...
Components:
1 x Size 2/0 Rolling Swivel
1 x Size 1 Rolling Swivel
1 X Cascade Swivel
3 x 5mm Beads
1 x Bait Clip/Lead Link
Tied on 60lb Mono for main trace and 40lb mono for hook snood
Dimensions 27cm'ish for main body and 21cm'ish for hook snood
Hook size is obviously down to given situation but the one on the pic is a 6/0 Sakuma Manta Extra
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The only thing I'd change as per the rig I've tied here is the hook snood needs to be a smidge longer
on the powewr gum on that rig,what is on the power gum to make the loop
i posted the 1st post at the same time as you posted yours,i was refering to the other rig in that link
with the red power gum loop
let us know how that rig goes tho
i use pulleys all the time and i seen a bit in sea angler saying it was a good rig so i tried to find info on it and got this http://www.sea-angling-ireland.org/Diagrams/Pulley Rig (1).jpg It has no info on it like length... so its unknown to a novice like me the scale, its called a dropper or short pulley rig but i have no idea how short lol