The LC Pointer has probably the best suspend rate out any jerkbait, including the Megabass 110. If your water is still cold, let's say around 55 degrees, that bait will rise. Once the water warms all the way up, that bait might slowly sink.
There are things that can help besides adding lead strips. Number one would be line, 8-10lb Fluorocarbon. Next, don't fish it on slack line. Pull it to you a fuzz. You can use a bigger oval split ring and Owner ST-36 hooks but these are not my jerkbait hook of choice. I like the Ryugi Pierce. Another option is to wrap thin wire around the shank of the hook.