Agree with everything said in the link provided by Jason above.
However, when the tide slows I have hand some "self madetangles" rigged like this.
I've found using a Flying Collar Boom, (by Mustad) works wonders. It also means I can use 15 to 20ft of trace without any issues. Not sure I'd try this on a charter boat though. Me thinks you'd constantly tangle everyone one up and end up going three rounds with someone....!!!
Cheers,
Jeff.