I have heard of people using a 3/0 offset (or straight) shank ewg hook. Does anyone favor this method over a traditional drop shot hook? Is there a time and a place for it ?

I don't prefer this to a traditional drop shot but used under certain conditions.  There's a method called power shotting where you use heavier line (10# fc as opposed to 6 or 8) and heaver line and weight.  In those cases I use an EWG hook and put a beefier lure like a senko or otherwise.  I fish it in weedy waters.  Not heavy punching type of stuff but submerged weeds, weed edges etc.

 

You can use this like a carolina rig.  Cast it and drag it along the bottom feeling for rocks, wood etc.

 

When you use this technique and a EWG hook like this you need to be more aggressive with the hook set.

 

Good luck.

When I am dropshotting in open water, or around light cover, I nose hook my baits with a VMC #1 spinshot hook.  When I am dropshotting in or around moderate cover, OR bubba shotting I will use a 1/0, up to a 4/0 EWG Gamakatsu worm hook, regular wire on spinning gear or light line, super line hook on heavy line/tackle.

I like the gami wicked whacky hooks for bubba shotting.

I use a size 1/0 EWG for all my drop shotting needs (even when I nose hook my bait).  I like the very thin wire and because the hook is longer than a traditional drop shot hook, the point seems to penetrate just past that think lip a smallmouth has as opposed to through it.  I've tried the Standout Hooks, VMC Spinshot Hooks, Gamakatsu Drop Shot Hooks, TroKar Drop Shot Hook, along with several other offbeat brands.  I keep going back to the Gamakatsu size 1/0 EWG hooks and I just feel I lose less fish on these hooks (back to the thin wire hook penetrating deeper in the fishes mouth theory)

Not sure if I was clear enough but I am talking about using a hook you would normally texas rig with as a drop shot hook 

Not sure if I was clear enough but I am talking about using a hook you would normally texas rig with as a drop shot hook 

 

Yep, same hook that I T-Rig worms with (only in a smaller size).  Like I said, I don't T-Rig my drop shot baits (unless I am in weeds).  I usually just nose hook them on the EWG hook.

I T-rig with VMC spingshot EWG with bait like Brush-hog or ringer, thrown with b/c set up. I used to use regular EWG before started with VMC spingshot EWG. I don't favor this over traditional, but I just use different way depending on how I want to present the type of bait I want to present.