Let me get this stright, Ira uses the pear shaped 1.25 in peged float? Is this correct? Can I get by with the .75 or .87 floats? Does the peg have a hole in its center? Are all these floats by colored? Its looks like only the red/white is a by colored float, am I wrong on this. what is the best color to use and can the peg be put in the bottom hole also. I know all this sounds stupid but what the heck, you'll never learn if you don't ask.