Give it a try sometime. Very common practice in salt water where guys will actually up the size of their swivels and get nice shiny stainless ones to put in front of the lures to promote the concept of fish "feeding" on each other and having a little bit to much fun on the big boys turf.

The 3 oz size will have no problem taking a flutter spoon or a rapala down deep. If you were to couple that combo with a line counter reel and a depth finder you could do some serious damage trolling just off the bottom without fear of getting hung all the time. Sweet set up. 8-)