Attica, You are absolutely correct - Red,himself, proclaims that WOOL is single killer feature of his jigs,mostly for its water retention and ability to spread out the fibers. He says any material can go outside & around the wool and be effective ! It's just that the ultra thin,wiggly satin strands form themselves around the wool core so well, and swim&pulse with a mimimum of motion. And,as you say, in a tiny jig this combo,with the fuzzy wool body (especially dark wool) IS one killer bluegill jig/fly!
Quiv, I,too, have been trying to play the advocate, by usually putting my tried & proven rabbit tail Boolie against similar wool/satin ties. I'm still smarting from the time my 31 yr old son clipped me 7-0 on rainbow trout from the same shoreline spot one short fall afternoon on his woolie tie against my ole faithful rabbit& flash boolie!! Or on days in a separate boat at Pymatuning, have been proud to have 15 decent crappies/perch ,only to later meet up with Red, who has his cooler STUFFED with jumbos!!
More testing ongoing this coming season, but you can bet a lot of my Boolies will have tails of wool+satin!!