Wow, who says regional differences no longer exist? Out here it's hard to find a shop that even carries the older Mustad designs. The 94840's and 3906B's were the chassis of choice for dries and nymphs until the Japanese came out with far superior hooks (though I think the old Mustads finish was better). I still use the old 9575 for classic streamers and bucktails in size 6 as the look of the finished fly is so... umm, classic. The points are horrible though and the sizes above and below are totally different hooks, migrating from 4x to 8x shank length for some strange reason. The return wire is also poorly finished and bulky. If any of the Japanese makers offered a similar model, I'd drop the Mustad like a hot rock.
Mustad should be held up as an example in business schools of what not to do. Whoever was the CEO at the time really screwed up by not re-tooling to meet the challenge. They ended up having to anyway, but their 90% market share is "gone with the wind." Wire strength, point design, eye design, quality control, consistant dimensions through the size ranges, unique shapes... There's no comparison. Yes they (Japanese hooks) are also sharper out of the box, but to me that is the least important difference.
I admit the 94840 in size 14 is still a good hook and also reasonably sharp, but the long hollow ground point is very delicate. Size 12's are dull with shorter shank to gap ratios and 16's are the other direction. 18's have the dimensions of 2x long 20's. In the smaller sizes the eyes turn down too much and are a little oversized (severely impacting the effective gap), and often poorly formed.
Two last points:
For the hobby tier - For the amount of flies you tie and how many you use on a trip, why pinch pennies on such an important aspect of your tackle? Lets say you have a bad day and lose a dozen flies. What are we talking about, 60 - 70 cents difference? If you have a good day and only go through a couple, what are we talking, a dime? You spend more than that starting the car.
The pro tier - The only thing separating ours from the store-boughts is quality and uniqueness. Even these points are debatable as the the major houses are putting out pretty good products with an almost infinite variety. We sure can't compete on price. Building a Rolls Royce on a Ford chassis? I'd have lost a lot of customers doing so.
Anyway, that's my 7 cents per hook.:)
Regards,
Kurt
"It's not that I find fishing so important, it's just that I find all other endeavors of Man equally unimportant... And not nearly as much fun!" Robert Traver, Anatomy of a Fisherman