The stiffest/least parabolic rod i own is a 7'2" M-F rod, so id say thats a no for most rods brands as a whole. Theres several M-M rods on the market, but most are very flimsy and weak on the ratings.
A cranking rod will help you alot on the water, from reduced strain on the body casting over and over again, to better hookup percentages, etc, etc. But these can get expensive, especially when you need 1 for light cranks, 1 for squarebills, and 1 for deep divers...
The best alternatives ive found are 2 options.
#1. Take any MH-F rod, use mono or hybrid for line, and loosen the drag. I fished all the crankbaits my heart desired for years when i didnt have a cranking rod. Didnt lose a single bass from 2-10lbs (although there were several before the drag got loosened).
#2. This is the best alternative to a cranking rod, works great for lipless cranks, crankbaits, even lighter deep divers, chatterbaits, buzzbaits, and swimjigs. The 2 piece (its got to be a 2 piece to get the most parabolic action it can get) 7' MH F (its not a fast, its moderate-moderate fast) Aird X.
It costs $25-55 depending on sales and keeps up with all my cranking rods.