I don`t ice fish so this may not help. For smaller minnows like for perch fishing I used a 4 or 2 aberdeen they can take it easily and it cuts down on the swallows, for bluegill a size 6, smaller mouths. Hook quality isn`t normally an issue with the smaller panfish, no need to break the bank on expensive hooks. Bigger fish hook quality becomes an issue, I use aberdeen hooks for bass and walleye but spend some money and get good ones.
If I am fishing with the intent of catching a bigger bass, walleye, pike or ski on live bait the aberdeens stay home and I use a heavy wire hook, Mustad 3407s work well 3/0 to 5/0. Hook placement for me depends on what I am trying to do with the live minnow, fishing a big chub or shiner under a float I hook them under the dorsal fin with care not to hit the spine, they will live(swim) longer. Casting I take the hook in their mouth and out the gill cover, no need to hit flesh, tipping a jig thru both lips, trolling thru the lips. Big hooks can kill a small minnow quickly, so can improper hook placement.