Your right I2BBQ,
Red or white bay is what they use here in Cedar Key to smoke mullet, grouper, redfish and sheepshead. Smoked mullet is the fish of choice here. Before we discuss the bay wood, a story about mullet must be told. Mullet - common white mullet or the mullet of choice for cooking is black mullet. Mullet has an evolutionary link to fish and fowl, it tries to fly and has a gizzard just like a chicken. The meat of a black mullet, the local fish, is firm and has about as much oil as salmon. During the fat season they have a row of fat inside the rib cage that picks up the smoke and is wonderful. Also the fish has a slight meat taste and texture. Either eaten from the smoker or made into dip makes a treat. We have specials on Friday at the local restaurants that serve fried mullet, swamp gabbage (cooked palm shoots with ham hock), slaw and cornbread.
Now! Bay wood. Both white and red bay grow around the gulf coast and does very well in the Big Bend area. The red bay is slightly stronger than the white bay, but both are used for smoking fish here. It gives a mild sweet bay flavor to the smoked product. People here BBQ meats with bay using branches with the leaves attached. The leaf is a true bay leaf and looks like Turkish bay, but is milder. It is not related to the California Bay Laurel which is very strong. When on the tree the underside is a whitish silver color and when the winds blows it is easy to identify as the leaves turn over and are much lighter in color than the green leaf top. The leaves will discourage roaches from the area.
Now mullet dip. Take a smoked mullet, that has been salted before smoking and bone it, same bone structure as a fresh water bass. Add real mayonnaise till the texture is about like cottage cheese. Then add McIlhenny's Tabasco sauce until real hot. The mayonnaise will dilute the heat somewhat. Don't add sour cream, yogurt salt or anything else. Serve with crackers and beer - lots of beer.
Now youall know everything I know.