I'm going to go in a slightly different direction. I am advocating #2. That rod you describe is a model of St. Croix rod that is super versatile. I have a ton of high end stuff, but I also have a beat up gen 1 Mojo 7ft MH Mod. This rod is great for cranks (whatever line you like), Square Bills and Traps (braid), Super Spooks, Shower Blows, Ploppers up to 130mm (12lb mono), and even jerkbaits in the 100-128 sizes (I throw Pointers, slender pointers, and flash minnows on it with lighter mono). I guess braid with different leaders would make this rod a great all purpose treble rod.