I have used glow paint and glow jigs for some time now and do a lot of night fishing. I have noticed that as long as you can "charge" them correctly to keep a light charge using a black light they will last longer and work better at strikes. I have caught many crappie on my glow jigs like Bobby Garland Mo Glo's. They hold a better charge with black light as well.
I would say I catch as many on glow as I do on regular. I also have found that I use UV coating for day light and it works better than standard paint.