Alright so my setup works best for me because of the way I switch around my first four spots. I use the number keys at the top to switch so thats why it works for me. If you don't do it that way I am not sure this setup would be very effective. The best advise I can give you is to pick a setup and stick with it. That way you know it like the back of your hand.
1. Sword
2. Bow
3. Fishing Rod
4. F&S
5. Gapple
6. Food
7. Food
8. Food
9. Food
10. Extra Utility (Boat, Secondary F&S, Arrows)