FFF, I'd much rather have a different plant in the pond than milfoil. It grows quick, will make bank fishing impossible, and it'll grow from cut parts of the plant. I'd much rather fish a BOW that has pondweed in it. While it's better than no cover at all, it't not the route that I'd take for a pond plant.

www.hoosierpondpros.com

[Linked Image from lh6.ggpht.com]
http://www.pondboss.com/subscribe.asp?c=4
3/4 to 1 1/4 ac pond LMB, SMB, PS, BG, RES, CC, YP, Bardello BG, (RBT & Blue Tilapia - seasonal).