I really need to add a drop shot, wacky rig rod to my arsenal I was wondering what length, power, and action it should have. I mostly need to know what action extra fast, mod-fast,fast

The rod I use is pretty much drop shot first, but I also use it for other finesse applications. It's a 6'10" Medium Light Extra Fast. But if you do a lot of wacky rigging I'd probably prefer a Medium Power Fast. Especially if you are fishing the wacky rig around heavier cover you will want a little more backbone to get them away as you will probably be fishing with lighter line. 

There is no set answer to this question. It seems that most drop shot rods are 6'10". Personally I like a longer rod. 7'3" is my choice. I like Medium power and XF action.

One of the most talked about dedicated drop shot rods is the dobyns dx 702s.  I think most of what this rod has is perfect but would change things up a little.  I think a rod optimized using the 25x method for guides would result in a lighter more responsive rod.  I use 2000 series reels and most bass rods are set up for 2500-3000 series reels so the guide train could be optimized a lot.  I have yet to see a production rod use the new fuji h series guides.  I like the sc5 blanks in the ml fast range and a 7 foot blank would be good for me.  A good rod builder can trim if you want a 6 10 insted.  A custom would be the best to fit your exact demands but i am still working on my dream build.  My current ds rod is a fenwick elite tech bass 610mlxf and it works good.

I like two different rods for those two things. Not getting brand specific I like:

 

6'8" - 7' ML power F or XF for dropshotting, as I like a rod with a little less power to help protect the 6 or 8lb test line/leaders I am running on an open hook drop shot rig

 

6'8" - 7' M power F or XF for wacky rigging, I tend to fish wacky rigs on a little heavier line than a drop shot (8-12lb test) and in and around a little heavier cover. A rod with a little more power helps keeping a good fish from taking you into "boo boo" town where your tackle would quickly make you cry over what could have been.

what type of wacky rig are we talking her?  i most often wacky the dean rojas cane stick in 4" and that is a light bait.  this drop shot and flick shake along with ned rigs will all be good on a ml or L depending on the power and size of your presentation.  If your talking a 5 or 6" worm then maybe two different rods would be better.

If you want a spinning rod there are lots of options because most spinning rods have less power with the same designation as a baitcasting rod. Regarding action with a drop shot rig you just shake the slack line against the weight, so action isn't a critical factor IMO. You can wacky hook a worm using the drop shot rig, in fact I prefer hooking drop shot worm that way.

It comes down to your budget and spinning or casting rod?

Iovino's Major craft rods are good all around for finesse presentations including drop shot.

Tom

i like a ML/XF rod for DS. The one I currently use is 6'9".

 

For wacky I prefer a Medium XF.

For a dedicated dropshot rod I would go M/XF, length is more personal preference.

What kind of drop shot fishing are you doing?  More finesse oriented or "Bubba" style?  Me, for where I fish, bubba style is more effective.  I like my telescopic 7'5" Kistler Flip & Pitch rod with a Curado 50 and 20 lb Abrazx line.  For finesse drop shot fishing, I've tried several different spinning rod & reel combinations and nothing  has clicked as being "the one" yet.