You definitely see different catch rates with different baits. Some fish won't even show up at all for certain baits. It's up to you to figure out which ones work for which fish. Some places are just worse than others and you get a large variety of fish off one bait, like in Costa del Sol.
As far as perception goes I am using the Level 50 Fisher set and at lower level nodes I get a fair amount of HQ's. I'd imagine it caps around 15% like the other gathering classes.


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