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So I tested using leeches for Illuminati perch. It's about 25 tokens per batch of 100 bait (after counting the cost of re-buying it) on bonus day.
For efficiency, ignore all large tugs to avoid hinterlands perch. (The bait's gone either way, and it saves time) Gives you more chances over each patience, and with average luck you should maintain enough GP to powerhook all the right ones. With GOOD luck you will catch a few in a row and run out, needing to RNG any extras on a normal hook.
Should only take about 40 minutes for the batch. Just make sure after the batch to throw a jig in the adjacent hole (the 60 one in the same lake but from the island) for one cast to reset the counter.
Compare that to 36 minutes for a morel/cuprite cycle (granted most of that is AFK time). Big difference here being the bonus days. Morel/cuprite cycle usually requires you to clutter inv with one of the 2 that's non-bonus, and wait for a better day to trade them. Perch you can just fish on bonus day and keep trading as you go.
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Last night I started my blue scrips gathering with 35 tokens on me. I logged on at about 7pm RT and during Morel/Cuprite downtime so began fishing for Illuminati Perch using Brute Leeches. Then I get to Morel location right as it pops and gather using the DE>Meth>DE>Meth>SM>Meth>Sharp Vision>collect 3 rotation. This leaves just enough time to get back to 650 GP again about halfway through the Cuprite window which is plenty of time to gather those as well. Same rotation. Then I go back to fishing for IP. By 11pm I had enough tokens for another gathering tome (3 down, 4 to go...2 of the fishing ones are completely useless it seems). All this and a dinner break, chatting with FC, and even forgetting to put on my Collector's Glove a couple of times prior to fishing >.<
And I still have about 270 blue scrips in my pocket. So, my rough guess is about 6 hours per tome. Not too bad really.
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Ended up doing some maths and here is few different rotations and how they fare with each other on different levels on Perception. Since I don't know actual relation between Perception and Appraisal, the constant I'll refer will the amount of collectability one Methodical Appraisal (MA) does. I have calculated the expected yield of red and blue scrips based on their normal trade value. The blue scrip yield is calculated for cuprite/morel collectible, and red scrip yield counted for adamantite/chysahl greens collectible. Obviously if they happen to be starred they yield more, that however doesn't matter when comparing rotations between each other. It's also good to remember that the Gathering plays a role here since every gathering attempt can fail. Lastly, all these rotations require 600 GP.
Rotation A:
Three IA and MA, as described earlier in this thread. 34,3% chance for 2 gathering attempts, and otherwise 3 attempts. The collectability value depends a lot of the amount of IAs that proc and can yield better tier rewards, even counterfoil-able ones on MA 112 or higher. (9% chance on 112, 21,6% chance on 114)
Rotation B:
DE IA - DE/SM IA - DE/SM MA
Offers 2-4 gathering attemps with 9% chance for 4, 42% chance for 3 and 49% chance for 2. The value of the collectibles is always the same regardless of the IA procs, they only affect to the amount collected.
Rotation C:
DE MA - DE MA - SM MA
Workhorse. Even on the MA of 115 it doesn't reach to the red scrip levels. However it gives reliable 3 shots for blue scrip gathering.
Expected yields for blue and red scrips
On MA 115
A: Blue scrips 167.196 Red scrips 41.799
B: Blue scrips 156 Red Scrips 39
C: Blue scrips 180 -
On MA 114
A: Blue scrips 164.928 Red scrips 41.043
B: Blue scrips 156 Red Scrips 39
C: Blue scrips 180 -
On MA 113
A: Blue scrips 164.928 Red scrips 27.813
B: Blue scrips 156 Red Scrips 39
C: Blue scrips 180 -
On MA 112
A: Blue scrips 164.928 Red scrips 10.908
B: Blue scrips 156 Red Scrips 39
C: - -