I think it used to be called the "Clacton" rig and owes some if not all of its development to Richard Holgate the well known Essex rod, who cleaned up with this rig on the east coast circuit. My version of this match winning bad boy uses these components:

1. 50lb Daiwa Tournament rig body
2. 25lb black amnesia hook length
3. 1/0 Kamasan B940
4. Gemini lead clips
5. Aero beads (and crimps if they're your thing, I use stop knots)
6. Dropper swivels
7. Silicon tube
8. Breakaway impact lead

I only use this rig if I'm match fishing, so you can appreciate it doesn't get too many outings nowadays. In a pleasure fishing situation if you wanted to use two hooks you'd probably opt for one up one down or a wishbone. If I was pleasure fishing and it was all out distance work, I'd use a clipped down pennel, wishbone or the one hook bomber, purely because they are less prone to tangle and I wouldn't be targeting bits at range. I have tried tying off the hook lengths with the water knot technique I used with the one hook bomber, it doesn't work well and the trapped swivel is definitely the way to go with this rig.

1. Tie the lead clip to the rig body.
2. Tie the hooks to the amnesia, I use one of the hook lengths around twice the length of the other, in this case 9" and 18". Place a 1" long piece of rig tubing on each hook length and finish with a dropper swivel on each hook length. Twist the rig tubing onto the dropper swivel so it covers at least half of the barrel of the swivel, pic 2.
3. PRE-STRETCH THE HOOKLENGTH THOROUGHLY.
4. Slide a crimp (if you use them) and an aero bead onto the rig body, followed by the dropper of the shortest hook length. Another aero bead, crimp another crimp and aero bead, the longest hook length, the last aero bead and the final crimp.
5. Tie the leader clip (or swivel if you prefer) with all your components on the rig body in the right order as in pic 4.
6. Clip on the lead and place the bottom hook on the lead's bait clip. With the pre stretched hook length taught and the hook on the bait clip, nip up your crimp or slide up your stop knot. Repeat for the longer hook length.

I should explain I have nothing against crimps other than I can be a bit ham fisted with them. I've over crimped crimps in the past and had them part the rig body on the cast. I use stop knots primarily because they allow a little flexibility in the set up and I can be as ham fisted as I like with them without doing any damage to the rig body. The downside to stop knots is that they can be a bitch to move once they've been wetted a few times during a fishing session.

Another big advantage with stop knots is that as the hook length stretches a little in the cast, I can re adjust the stop knot to take up any elongation of the hook length, something that will happen if you're casting hard. I can also use them as a shock absorber by setting them slightly tighter, so the weight is hanging on them rather than the rig body, not too much mind, and allowing the force generated by casting to take out the "slack" in the rig body. This makes sure the hooks and bait stay on the bait clip during the cast.