Weather: Fine, but cloud developing this evening with isolated showers. Light winds.
Tongariro River Flow: 20.6(m3/sec)
Time to bust out the small flies.
We have all been having fun throwing around small flies like the Dad's Favourite, Adams Parachute or Lace-moth variations to freely rising fish, with lighter/longer leaders. Although the fish can be very picky, and fairly spooky in these low/clear conditions. Rotating through the fly box and resting the fish after a fair few attempts seems to be the key. Moving around and searching less pressured water also draws more success.
I've seen a lot of people using huge winter-style indicators, clipped to their fly line loop. Which can serve a purpose in those deeper pools. I am finding the fish are quite indicator shy. So, when I do need an indicator, I use the Strike Indicator Wool and tubing to fine-tune my indicator to something a bit smaller and subtle. This combined with High n' Dry gel floatant, I can drift a couple of lightly weighted nymphs like the #14-16 UV pheasant tail from C3 flies a lot more delicately. The cicadas are certainly slowing down, but I am still hearing of fish rising for them, so still have having a few in the fly box is well worth it.
My more medium action rod, with a line like the Rio Technical Trout has been great for a lighter, more delicate presentations, and better drifts. I've been using the Guideline LPX Tactical #5 for this and have been having lots of fun. 
Jigging is still the most popular method on the lake, at around 35-40m. People are catching great conditioned fish on the smaller smelt patterns on the drop offs. As always, the Pat Swift jig rigs are proving their worth.
Hopefully we get a good amount of rain soon, maybe even a little flood, to hopefully bring in more fish and cool down the water a bit (fingers crossed for the 4th and 5th of March).
Tight Lines everyone, we will see you instore or on the river.
The Sportinglife Crew.