maybe it is less visible under certain conditions, but I think its way way to visible to ever tie directly to baits in clear water. It just looks white in shallow clear water. I think your better off with smoke.
I used it ice fishing this year up at Presque Isle in clear water, and I agree, you can see it a little in shallow water, but once you were down 10 ft or so, you couldn't see it with the camera. It was completely invisible. Granted it was 2 lb diameter, but the camera never picked it up, and it picks up some fine stuff.