LOL,
Yeap, thats pretty much it.. the fish that got away and as it ran through the schools of perch it yelled RUN, RUN for your Lives there fishermen are over there..
Now what you could have done different.
Your rod was held at approx 44.5 degrees if you have played a little say 45 degree you might have had a chance..
Now your drag issue, if you had only done half a click instead of a full click of the drag you would have got it for sure..
Got too look at the bright side, we used "YOUR" auger and the fish was at least 10lb's or more so it the hole was clearly too small to bring up that big of a fish we would have had to cut the line..
Great fishing with you again, Come April we will be back with the boat for revenge!!! ~ JAWS is in there with your hook I am sure we can find him