Hi Cam, thanks for introducing me to this forum!
The Sanme jigs have NO LUMO paint on them but work outstandingly in deep water. I think that jig colours have some effect but jig vibrations probably over rule that. Orange is my favourite colour for both Kingies & Hapuka. One trip I, deliberately chose orange which was a colour that no one else was using. Always tie orange as my first jig - catches the first fish too which probably perpetuates the myth!