It will be interesting to see if and how Bill Cody responds.
He certainly changed my view on using feed pellets as bait. I've used them very sparingly ever since. I did use them with my trout last spring, but I mostly quit using them for catfish and bluegill, fearing that they will stop coming up for pellets during feeding.
When the fish aren't very active, and we want a fish fry, we find that gummy white bread (like WonderBread) works pretty well when formed around a hook.
Maybe this is subject for an additional thread. But, for a while, I stopped using "soft" plastic baits like artificial worms and grubs after finding them in the stomachs of a couple of my skinny fish, after a PB article, and after one of the presentations at last year's conference. But, I returned to using them after I realized just how few soft baits I actually lose to fish.
However, I have really restricted the amount of Gulp products that I use. I was losing a lot of it to fish that didn't get pulled in, and I was worried about its effects.