So on hook sets.... On any light spinning or BFS style rod, I don't really set the hook. I more or less lead the fish, let the rod do the work and the fish sort of hook themselves. Once the rod bends to its power point (on the Whippet this is about 5-6in in to the rod), I lift up on it but not like I am swinging for the fence. With small jerkbaits and trout plugs, this is pretty easy. On 3in size swimbait jig heads, it takes some getting used to. With Baby Plugging, I am not sure how it differs from other P5 spinning rods but going easy at first and then tightening the line up has worked out for me so far. Also, I would let the drag do its work and one other thing, you might try a heavier leader. What are you using? I found 6lb leader material sometimes to be too light. I tried 6lb Sunline Gold Label and it was like 4lb. I kind of settle on 10lb.
Ben kind of explains the hook set I use at 13:00 mark in this video.
I also have the P5 Siglett. This is an F0 rod. Hook sets with it are more of whip or snap of the rod tip. I basically use this rod for small top water, like bug baits and bfs poppers. It's sort of the extreme example of letting the fish pull the hook in.