There is a guy down in Miami who runs a charter operation behind the Miami Herald building. He goes by the name of Mark The Shark http://www.marktheshark.com/. He has been fishing for sharks for several decades. He will tell you without hesitation that his best bait is cuda. He has many contacts with the commercial spearfishing guys in Miami and will regularly call them when they are out on the water to shoot him a few cudas.
From first hand knowledge, shooting a cuda and having him wounded/thrashing a for a good period out in the water, will sound the dinner bells for sharks. However, if you are in an area that is not too sharky, like spots in Miami, Ft. Lauderdale or Canaveral, then you may not see it. Shooting a cuda up here will bring bulls through in no time. I have absolutely no doubt that sharks are extremely attracted to Cudas. Weather it is the smell of their skin or otherwise, it is a known fact.