I don't fly fish, but I do admire the ability to cast a miniscule bait a decent distance and still achieve that slow, more natural sink rate....I believe that triggers many a strike as it falls through the water.
I fish primarily from the bank, a lot of times in heavy cover, and there is no room for a flyrod and it's ever-present coils of line at my feet. To that end, I had a custom spinning rod built out of a 7', 3-weight, fly rod blank. I've started experimenting with producing my own jigs on 1/80 and 1/100 oz jigheads, that specifically mimic popular wet flies. The addition of a foam body will slow the sink rate, while the weight if the jighead still allows for respectable distance. Also, I have great success using my ice flies/jigs, and ice plastics with this setup...