This is a little different set up that I have used.
A 1 ounce sinker I prefer an egg shape but I have used a bullet weight. I first slide several beads up the line. The first one must not go thru the tip top on the rod. I have knocked several inserts out in the past because of reeling the swivel into my guide. Then slide a couple more beads on the line. Tie a #7 brass barrel swivel on and then tie a leader on the swivel followed by a hook and lure. The harder the sinker the more feel you have of the bottom. I'm to cheap to use the tungsten weights....lol The beads will help protect the knot and the first inch or so of line in front of the sinker. That is why I make my own from stainless coated wire. Inspect your line regularly for nicks and abrasions.