There is a renowned stating amongst those which fish for tarpon "bow to the king". This comes from the label for tarpon - silver king, and also the need to give slack in the line when they do their unpreventable jumps. As quickly as you see him appearing of the water you should point the suggestion of your rod right at the fish. Bend over and also communicate as much as you can to reduce the possibility of him crashing down on your strict line as well as cracking it.
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The very best lure is just what they are feeding upon right now. That can be shrimp, mullet, greenies or whatever baitfish is schooling. They freak out yearly over a worm hatch which occurs in the Keys. They hardly ever will decline a well placed silver buck sized crab (unless they aren't starving). Somehow I don't have good luck with bigger sized real-time lures, 4 or five inches is as big as I get bites on, and these tarpon could be a hundred extra pounds or even more.