If your goal is to dial in a specific depth for suspended fish and you do not wish to use a downrigger or leadcore than a cheap and effective method is 3-way rigs.
Rule of thumb is...1 oz per every 10 feet of depth with a shallow lipped crankbait in tow. With a deep diver in tow, expect it to reach a 45 deg angle below that weight and add the extra depth in consideration to your leader length. There is good and bad points to both options, and in general, I prefer the shallow lipped cranks for this system.
What I recommend you try is 3 to 4 oz bell weight rigged 24" bellow a 3-way-swivel....then 4' to 10' of fluorocarbon line a snap swivel hooked to a shallow lipped version of the pattern you were sending down in a deep lipped version.
What you will get is a dialed in presentation that is depth specific, effective anywhere in the water column ...just adjust your line out.
It takes a bit of practice but once you get the system basics it is a great tool to have for suspended fish.
A trick from up my sleeve: I often add a #3 or #4 silver or gold Colorado quick change clevis and blade just above the bell weight...for flash and noise.
What I feel this does is draw attention to the area of the lure travel just ahead of the crank come wondering bye. On open suspended fish drawing them in the direction just couldn't hurt. It has upped my catch on suspended fish in the past when ran side by side with 3-ways not equipped with it. The quick change swivel allows for tweaks or eliminating the blade as needed. Works for fish relating to the bottom too, this suspended flash rig had drawn them up to feed when bottom approaches were snubbed repeatedly.
