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If you're gonna fire the 2nd barrell, then make a real bet, like 3/4 pot. At higher stakes, your weak turn bet will often get raised by aggressive players, forcing you to throw away a nice draw if they raise big enough. Betting 1/4 pot on the turn will almost never work at any stakes, unless your opponent is super weak.
Also, I don't think floating is a common thing at the penny tables. When they call you on the flop with bottom pair/air, it's not with the intention of taking the pot away on a latter street, it's with the intention of showing down the hand. Therefore I'm not sure how effective firing the 2nd barrell will be, whether it be a bluff or semi-bluff.
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