I have owned the exact rod for a while now as well as the heavier rated version (...lets say that mine are most likely outside the five year warranty period already).
Its a great schoolie rod as Vpass mentioned and it really excels with the light stuff. Throw on a 4000 sized reel with 20lb braid and its a casting beast for lures in the .5oz - 1oz range. Its also a great rod for fluke fishing as well and my goto surf fluking rod. I regularly cast 2-3oz plus a clam in the spring or a gulp rig in the summer. 3oz is really pushing it and its just a soft lob but thats okay as I don't need distance. The key with the heavier weights is to start winding up slow and finish fast. I wouldn't recommend going over 1.5oz unless you are highly confident in your casting ability. I have caught bass up to 20lbs on this rod in the back bay with no problems.
I will say that since they are steelhead rods they have a lot of give (they were built with this intention) and I feel at times can lack the backbone to set the hook into the jaw of a bigger bass.
Vpass, I know yesterday was the first day with the rod but don't be afraid to tighten that drag a little more and really drive those hooks home on the hookset.
Now for the heavier version of the rod - I don't like it that much, I find it to be too stiff but my brother loves it but he likes fishing heavier lures while I prefer the lighter stuff. The only thing I like this rod for is snagging bunker but I have a friend who swears by it and throws stuff as light as 1/4 oz.
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I recently got my hands on a St. Croix 8' surf avid and I am in love with it for light to moderate sized plugs. It handles the light sub 1oz stuff incredibly well yet launches a 2-3oz metal out of sight. I really wish St. Croix made the same rod in a 9ft model.
With all the talk about light plugging rods I should also mention the two older standbys that will forever be the "bomber" rods of NJ IMO: Lami Ron Arra 1083 and GSB1081L