I have had three $100 (or less) cranking rods for my shallow/mid-depth/lipless cranking dutys. Currently I am using a 7' M Abu Veritas "Winch", before that, I had a 7' MH/M St Croix Mojo "crankbait", and before that I had a 7' M BPS Cranking Stick. My thoughts on each:
BPS Cranking stick: Good bang for the $, at the time I owned it I was not much of a cranker, I used it for lipless cranks, wiggle warts, and sub surface cranks like a Manns baby 1-. and that was the extent of my cranking...period. It handled all three fine, casted all of them fine, and sensitivity was decent, probably could have been better had I used braid back then, but I used 12lb mono on this rod.
Mojo 7' MH/M cranking rod......light, and sensitive. It's rated for 3/8's to 1oz. I loved it for lipless cranks, but for anything else I did not............I can't explain it really. It fished the larger versions of my go to baits better than the smaller...........like the KVD 2.5, or a 3/4 oz. RES....BUT I use the 1.5 and 1/2 oz. RES more.....so this rod was not a good fit for me.
Veritas 7' M Winch......this rod is the lightest and best balanced of the 3, so thats a plus, and it fishes the 1/4, 3/8, and 1/2 oz. baits I use most often better than the Mojo, another plus. I have used some bigger baits onit, like the 2.5, and 3/4 oz. RES and it's OK, not great, but OK with those. For now I can live with it being just OK with those sized baits, since I fish the smaller ones more often. I crank with braided line/fluoro leaders, and grass is the primary cover around here, with a ittle wood and rock. Even with a pretty limber taper, the braided line, with a tight drag, allows me to "pop" the baits off/out of grass just fine.................If it's too thick or grabby, generally running cranks through it is not the best option anyways, but if it is, I just switch to one of my faster action rods to get a cleaner rip/pop instead of just loading up the rod.
As for reels.............I have always liked a 6.something :1 for this work. Baits I fish on these rods don't pull hard, and it's easier to burn a bait on a 6:1 reel than it is on a 5:1, and on the flip side, it's easier to reel slowly with a 6:1 reel, than with a 7:1 (not to mention the 6:1's will have a little more power) if that is what needs to be done. The Mojo, and now the Veritas both have/had a Curado 51E on them, which is the same as the newer Chronarch 51E. I like this reel so much, I am willing to look past the foolish-ness( in my own head LOL) of having a Shimano reel on an Abu rod.