Kbreks, I have the exact same unit and does the exact same thing, Anything faster then a fart, I lose my speed display. As for hooks, never saw much activity on the screen since day 1. Played with the sensitivity and made little to no difference. However, I still fill the box! I purchased this more for the chart plotter then fish finder. The real issue I had was the 2 plugs kept popping out. Got hold of Steve at Lowrance and he said it's an "O" ring issue and to change them out each year. Put them in "dry"... no lube of any sort. Took his advise and problem solved. Got 6 of each ring at Facca...dirt cheap, locked up in the cuddy and will never be without.
The "O" rings ARE going to be an issue as per Steve, so grab a few for spares...you'll be glad you did.