Properly snelled, and there is a difference, the Octopus style (in the old days we called them Eagle Claws, as Eagle Claw made them) has a high hook ratio due to the point of the hook being in direct line with the pull direction of the fishing line.
Octopus or Eagle Claw 92553 is the standard for mooching for big chinook salmon with cut plug herring out here in the Pacific NW. And for Steelhead in the rivers.
I will take a photo or two of the snelled hooks next time I am in the shop (where all the gear is stowed, you NE and Cali guys call it a "Man Cave").
And, way, way back in the dark ages when I fished live shrimp under a float in Coastal Georgia, the Eagle Claw "Claw" or "beak" was a requirement for hooks. It all boils down to better hook ups when using bait.
Circle hooks are great and have their applications, but when threading two hooks (yup, the salmon mooching setup has two hooks snelled on the leader about 2 inches apart) through a plug cut herring, the circle hook don't work!
I would not have any problem using Octopus style hooks fishing bait for any fish, Stripers included. We use them for halibut also, 10/0's. And a lot of guys here use circles for halibut, just boils down to your fishing style, strike detecting ability, and hook setting ability. Typical halibut circles run from 16/0 to 20/0, bigger the better.