WRONG!!!!!
The wraps around the bobber will weaken your line MUCH more than the Palomar Knot will. How many fish have you guys that wrap the line lost by breakoffs at the bobber?
The Coan Method may create 3 knots, but if you use the Palomar Knot, there is no weakening of the line by a knot. Tests indicate that the Palomar is actually as strong as the line.
Not to mention the fact that the Power Pro or Fire Line is a stronger line that you can tie that almost NO smallmouth COULD break anyway. Only the Fluorocarbon line will break and you can use up to 8 LB test with Fluorocarbon although I recommend no bigger than 6 Lb.
Unless you rewrap your line about every 10 to 15 casts the wraps will compress and fish will compress the line. Each time you weaken the line more by crushing it, or it wraps around itself cutting into itself.
Jim Dicken
www.FloatandFly.com