Yes, bass don't care about price tags. BUT, a moderately expensive ($150+) rod is usually way more sensitive than a cheaper rod ($50 rods like Abu Vendetta, BPS house rods etc). What that means is you can detect more bites and set hooks on more bass that you wouldn't have otherwise caught. People generally use a more sensitive rod for stationary techniques, like jigs and worms, and a less sensitive rod for moving baits, like cranks, spinnerbaits etc. For the later, more sensitivity may actually be counterproductive, since by setting the hook too soon, you're taking the bait away from the fish before he can engulf it.
A M/MH power F action is supposedly, and I endorse this theory, a good all-around bass rod. It's neither ideal for jigs, nor for crankbaits, but it will do both jobs. And if you ever decide to get an extra-fast rod for jigs, and a medium/ slow rod for cranks, you can always use you fast action rod for spinnerbaits (moving single hook baits) or texas-rigged plastics etc...
P.S. Went through the entire thread, and I agree with the posts. With $200+, you can get one decent baitcasting combo. I'd buy a general purpose (fast action, power depends on the size of lure) rod with that money, and that should work very well with your topwaters and spinnerbaits, and suffice with the jigging.
**** I've been told spinning rod and reels are the finesse set-ups but then I see KVD using Baitcasters reels and rods for finesse fishing??****
No, no, and no. Finesse fishing does not mean what bait you're throwing, but how you're moving it (presentation). Turns out that a lot of guys like to throw tiny baits on spinning gear, and guess what sort of baits gets dead-sticked, shaken or crawled on the bottom most often? Those little plastics, jigs and shakey-heads. So technically you can finesse fish a 5 oz bait on a 25 lb line, which is precisely what some trophy anglers do out on the west coast; enter the huddleston trout.
But I digress. Yes, little 1/8 oz baits can also be thrown on baitcasters, depending on the rod, reel and line. The rod that excels at throwing 1/8 oz baits will have a hard time casting a 1/2 ouncer though. Otherwise, you can always finesse fish a 1/2 ounce jig or a 3/8 oz shakey-head on a baitcaster. Problem solved.
You see, it's a whole system. The bass you're trying to catch maybe sitting in a brush in 5 feet of water, but it's not very active. So you might have to coax him into biting. So maybe you want to use a 3/16 oz shakey-head or a weightless worm and keep that bait in front of his face until he bites (or you get tired of it). So now you wanna look at the rods on your deck and see which rod/ set-up will work best with that bait and the cover. Now let's say there are fish on the outside edge of a grass bed in 25 feet of water. If you decide to use a jig, you'll probably want something heavy, like 1/2 oz or more. So you pick up a different setup. Another scenario, bass are schooling and you want to run a crankbait through them; yet another set-up...