That seems to me to be a reasonable general analysis. The problem of quantifying or proving anything still remains though. This is one reason I ceased using any fluorescent materials quite a while ago. While they may work better sometimes there is no way to tell when or why with any degree of certainty. For me, this introduces even more unknown variables to an already complex situation. I have found quite a few insects that fluoresce to an extent, and there is some documentation on this;
http://www.hindawi.com/journals/psyche/2011/875250/
UV-light also attracts more insects than any other light. I used a "black" light in my garden for a while to study some insects, so they are obviously sensitive to it. Some info on that;
http://en.wikipedia.org/wiki/Black_light
But the fluorescence of various materials which causes them to glow under various conditions is another matter entirely. It doesn't make any difference whether fish can see in the UV spectrum or not ( most studies however indicate that they can not), the fluorescence which actually occurs and is under discussion here causes light to be emitted in the visible spectrum ( in human terms), and the light emissions and wavelengths can be measured quite accurately. Fish can see these as well. ( Although of course nobody knows how they perceive them).
Unfortunately, and here in my opinion is the main problem, I do not know if a fish, (discussing trout and grayling here. I know that other fish will often take glowing objects better than non-glowing ones, but these are usually phosphorescent not fluorescent), will take something that is emitting light in preference to something that is not. None of the various trials I made with various things provided a clue to this. Sometimes they took a fly with a fluorescent tail, and sometimes they didn't, under apparently identical conditions. If the fluorescence made the flies more attractive per se then one should see a definite tendency towards them being taken more often. This is not the case.
Quite a while ago now I started a study of various common insects under UV light, but I gave up pretty quickly, because even if some fluoresce under it, ( and surprisingly many do), one can not see this in normal daylight, and if a human can not see it, there is no reason to suppose a fish can either. They may be able to perceive some colours either better or less well than humans can, and water imposes certain other limitations as well, but there is no reason to assume that making an insect brighter will make it more attractive to a trout. It might well make it more VISIBLE ( and presumably does), but this is just as likely to scare off a fish. Furthermore, let us assume fish are taking natural flies that do not fluoresce, ( or not visibly in daylight), and we are trying to imitate those flies, making one that glows is a bad imitation!
There are definitely occasions when fish will grab more or less anything that comes into their field of view, and they will also move quite a distance to take various things. Presumably they mistake some things for food, and at least mouth it before ejecting it. They may also take things as the result of aggression. But, there is no way of knowing whether fluorescence makes such things more attractive, so it would be pointless adding it.
Shiny tinsel and similar things reflect UV light, whereas many things do not. Just another apparently useless datum. But they also reflect other light, and there is little doubt that some tinsel on some flies improves them considerably in terms of catching fish under some circumstances. This does not apply to fluorescent material. There has never been any study which proved that such things will catch more fish.
Just a few thoughts on the matter.
TL
MC