I use a Daiwa DXSB 8' HF, 2-8 ounces. As people have said, go ahead and divide the rating by two. It is definitely a 1 ounce to 4 ounce stick, with leeway on both sides of that rating. 3/4oz is a tad difficult to load without lash, 4+ ounces needs a bit of care. It is excellent for one to four.
The action is, in my opinion, on the slower end of fast. I feel it is a great piece of gear if, like me, you're swimming on a budget and need to throw trebles and single hooks. I have not yet thrown bama rigs on it, but I am confident it will do well. If you want to make it dedicated to a single type of bait, it does well with single hooks.
It's not as light as sticks in higher price ranges, but with my own Daiwa Lexa 300 Type-WN 6.3:1, it balances well. It's a plainer Jane type of rod, which is right up my alley. I don't want my sticks to look flamboyant and it is pleasing to my eye. I've been rather impressed with its sensitivity, it's the most expensive rod I own and feeling everything my Huddleston 68s contact is a good feeling.
I highly recommend your choice of setup, and think it will last me a long time as a swimbait rod. I've logged quite a few 8 hour sessions with it, landed some nice fish, and tore up some Hudds with it. It fishes very comfortably for me and is a pleasure to use.