That's it, I couldn't remember the name of the Standout. "Much" easier, or more certain of a horizontal position? I can get the same angle using a simple worm hook in the same amount of time rigging it. It's just a matter of doing it a few times with success either way for me. Once the Palomar is tied to a Standout hook you've done the biggest part, needing only to run the tag end back through the eye. That's the same for other hooks, not saving a single step. Practically all hooks, except trebles, can be used, and cut your cost. Just tie on what you have. I have some Standouts, but once I tied one I realized even an Octopus or circle hook will work. Selection of hook style would be based on some other factors, especially what kind of plastic or live bait you want to use. Once you figure out the fulcrum lever principle you should be able to modify any shank/eye scenario.
The one MUST for drop shot is a very sharp hook. I want the fish to hook itself. I can't begin to estimate the number of times I've given up, started reeling the line in for another cast, but finding a fish wanting to eat that rig.
I forgot to mention to leave enough tag end at the start to allow the desired distance between sinker and hook. The Palomar doesn't take up enough line length to matter, but inexperience tying it often causes line waste. Be sure to spit on the knot before tightening it, regardless of type of line used.
The dropshot sinkers that have the line clip are for me a terrible investment and an unnecessary expense. I prefer a bell-shaped sinker that can nudge through weeds, but stay in place for a session of lure jiggling. I also have a lot of pyramid type lead sinkers in light weights that work very well in thick weeds. I don't want the sinker dragging off the tag end, leaving all the more lead in the lake. If it gets snagged I can at least try to get right over it and jerk it free. I carry a telescoping pole to push up into shallow water to get right over a hooked bass buried in deep weeds, or just to get that sinker back.
On the sinker end there's yet another innovation I can't name right now. I have quite a number of plastic baggies of "bungee" cord that allows extra bait maneuvering, stretching between hook and sinker. When it comes to hook-setting power, it is there. I can pull quite a lot if inches on the rod tip without moving the sinker. But when I pull past a certain point the sinker jumps up then drops a few feet up. It works in weeds, but also when fishing off bottom. The sinker stays put easier, but I get more action in the bait. I'll try to get the name for that cord.