I'm working through my quest log at the moment, and regretfully I started the Lu Shangs quest several years back, so now I'm fishing like mad to get my moats to finish the quest. However, I figure since I'll end up with the second best fishing rod in the game, I might as well start working on fishing again!
However, I'm trying to find somewhere what happens if you release a catch when using a lure. Do you lose the lure? I know you do with bait, I assume the same is true with a lure, but can't find it explicitly stated anywhere. Figured whilst I'm just fishing up moats and this isn't a major problem yet I'll try and get the answer to save myself losing a lure later on!