FISHING89
I think I can help you out with your float setup so you can catch more fish and save some money too!
I have noticed one big flaw in the way you setup. You don't want to have your float or split spots on your leader line. Your leader in general will be the weak point of your setup so you don't want to compromise it at all.
When you are setting up your rod you first want to choose the right tackle for the river you are fishing.
Here is a list of the tackle you need and the function they provide.
Mainline: attached to your reel [this is where your float and shots will be used]unless you use a shot line.
Float: match the size and type of float to the river conditions you are fishing, in general the heavier the float the faster and deep the water. 5g to 10g being standard.
Shot(weight): You will use roughly the same amount of shot as the weight of the float example; a 10g float will use roughly 10g of weight.
Swivel: This will be used to attach your Mainline to you Leader Line and reduce twist.
Leader Line: You need about 2'-3' of leader line(fluorocarbon 5-10lb)
Bead: what a 20lb trout will hopefully eat.
Hook: use a straight shank wide gap hook :example ( Raven wide gap # 8 , these hooks are usually designed for bead like applications. This way you do not need to use a Snell knot. A snell knot is to be used if you are using a hook which has an offset eyelet.
When setting up the first two questions you need to ask yourself are these. How fast is the current and how deep will you be fishing. For example if I am going to fish an average river depth of 4' with a medium current then I will setup my float about 2'-3' above my swivel and my leader will be roughly 2', which gives a total of 4'-5'. This will allow my bait to be on or near bottom which is usually the most effective area to catch fish. If you place your weights higher on the mainline the bait will tend to ride up higher in the water.
I have included a picture of what my standard float setup looks like. You can adjust and modify it as you wish.
Good luck, hopefully this helps.