i think he means after he sold the depthraider and put that $ towards the new unit, it was another $400. Coated cable sux!!
I don't use the clincher, I like the wire knot I stripped just enough coating off the cable to tie the wire knot to a snap swivel. To get the knot to cinch down I used a downrigger weight and hung it off a table (hang on to the rigger or it will tip off). Then electrical taped the whole thing right up to the swivel.
I know some people tie direct to the probe bypassing the swivel. This will give you a better signal, however you will not be able to remove the probe at the end of the day.