DB,

I fish that same color pattern on the Rapala Husky Jerk HJ-14.  It works great for shallow walleye and pike.

With regard to pike, I am definitely in the big baits = big fish camp.  80% of the time when I am pike fishing, I'm throwing musky jerk baits, glide baits, bucktails, etc.  When I get tired, I'll downside to a big spoon or a #5 Mepps. 

Incidentally, fishing large lures does not necessarily keep the small fish from attacking.  A couple of years back I was trolling a 16" UKKO musky bait on Basswood when I felt the strike.  As you can imagine, I had visions on a monster pike hitting my 16" bait, so I set that hook pretty hard.  As it turned out, I ripped a 2" slot into the top jaw of a pike that was only about 18" long.

- Dave