Mick,
Yes you could do this for bass plugging, just make the leaders up at home first, then put a loop in the end of your braid main line and use a loop to loop connection. Definately smoother than an Albright, and probably stronger too. The benefit would be that if a leader gets scuffed playing a fish, it would take maybe ten seconds to loop off the old leader and loop on another.
Just a case of getting the right size hollow braided PE to fit the size Flouro you want to use.