I'll need to remember this next year ...
My chosen method was two lug (one on each hook), 1/3 of a razor and 1/3 of a squid, wrapped with bait elastic. I changed bait every 20 minutes.
In total I used 1 box squid, 1 pack razor, 4 packs lug.
I had spare squid and lug with me. Next time I would also take additional razor as I ran out of that.
If you prefer bigger worm baits than I was using, of course you would need to take more than 4 packs. Today the above delivered the most fish on the boat I was on.