Absolutely blade baits have their place in my ice fishing arsenal, I like the option that you can adjust the position of the snap to give you lure different angles for the option of putting a dead minnow head. I have only used them during ice fishing and only the very smaller sizes either with red(pink) white uv or the tried and true gold/silver combo colors.
Also having used with great success the puppet minnow lure and for a time they were either sold out or not being produced so the blade bait was another option. I really like using them also because they make alot of flutter and noise with the added scent of the minnow head where trying to bring active fish into your cone angle. Once you have them you can switch to a smaller spoon type lure with a stinger lead or a tungsten drop to entice those finicky late season eater. But using them for eyeballs over using a traditional spoon they are a worthy adversary when it comes to that 2 hook set up over the spoons one hook set up.