WRB- I like the thought, and I'm certainly not familiar with the rod so I'll look into it a bit more, but from a quick look on tackle warehouse it seems these rods are a bit more suited for large swimbaits, which I did mention in the techniques I'd like to theoretically use this rod for, but it's at the bottom of the list. The moderate action that it lists makes me a bit weary of hook sets on jigs/flipping baits/frogs but then again I've never fished an okuma so I'm not sure how their moderate action compares to others. I'll do a bit of reading on it though.

No problem with hook setting using the Okuma rod, just isn't the ideal jig rod.

Fred's magic stick would be a better choice for all around usage, not sure about it's durability.

The next series of rods gets into the $300 range, Dobyn's Champ 764 or a custom built rod.

Tom

You might want to look at the LTB 7'1" MH/F. I bought it this spring to use it for similar situations and I'm loving it!

One more time for the G Loomis 844C IMX.  I use for all the techniques you mentioned, even some heavy crank baits and t- rigged soft plastic.  It is a very versatile rod. 

If you want a durable rod popular with the ocean kayakers out west, take a look at Okuma Guide Special 7'6" MH rod. Fits your needs at a good price.

Tom

+1 on the Okuma GS(select) series.