We ran into these exact conditions Friday. Actually found fish just like I described in my first post, either channel swing banks, or the very shallow spots but very near quick drops. The lake was just drawn down 7' for winter, the rocks still looked wet it was so recent, but we still did pretty well. 

Shallow fish will typically relocate on dropping water conditions ; but Ive also experienced the opposite and found there are generally other variables in play; such as time of year, water temp, average overall lake depth, structure or lack of structure, age of the body of water and forage opportunities 

Shaky head with trick worm or ZinkerZ wacky rigged on a 1/20 weighted wacky hook. 15 pound braid, 10 pound fluoro leader. ?