I actually use my 40# rig (with the YTS) for making bait it is a little stiffer and a lower gear ratio so you just grind em in 3 at a time

I like to use a heavier weight so it falls straight down and you grind um straight up to avoid tangles
I've seen those sabiki rods... kinda cool
As far as saving a sabiki.. I don't give it much effort, I might try to wrap it around a toilet roll but if it takes longer than 2 minutes to untangle it goes in the trash and I just tie on a new one. The way I look at it is 5.00 bucks ( fishermans landing price for the owner rigs

) is cheap for all the macks you can use in a day
I think fshchick from the board is on the supreme right now