Bit of a necro-post, but thought I'd let you guys know that the squid jigs work. Didn't try them on a fly rod, just in line with a heavier, store-bought jig on my spinning rod, but the concept is valid. Seems the larger squid like the fuzzy jigs, smaller ones like the hard jigs.
Just need to get out in the kayak so I can cast. Have to be REAL careful not to hit yourself with one of these puppies though; those hooks are SHARP!