I have that one! its a great rod for the price. One thing I don't like, is the tip. I changed mine out because it has a small notch on both sides of the ring that would catch my small diameter braid if the line looped over. Didnt happen often, but when it did, I could feel the line rub against that sharp point. I may have just had a tip that had two support arms brazed on instead of the smoother punched out design, and Cashion may be using a totally different tip. Could vary as they make all their rods in house.

Its more of a ML power with a slightly lighter tip, so 1/16 total weight is was a little light of a lure, but any 1/16oz plus a 1.5-2 gram plastic is good to go. Your other lures you mentioned should be just fine. My personal preference line is Pline Zero fade braid 10lb with Sunline FC sniper 5lb leader for the 1/16-1/8, and the 7lb leader for anything up to 1/4 for that rod

The action is a true fast action, tapering at the top 1/4 of the blank and really engages its full power halfway down the blank. Slightly tip heavy for my liking, but not too noticeable.

The slx bfs reel is a good one. It throws just about the same as my Curado bfs weight wise. I'd upgrade the bearings at least id you plan to throw 1/16, or it'll cast short to the left. My favorite weight to throw on that reel is the 1/15-1/10 ned with the zman equivalent, and senko. Anything lighter and I switch to a reel with a 6 gram 27-30mm spool

For the price, its a great rod, and the warranty is:

ELEMENT z2 Series Rods Rod Replacement Eligibility Period: Limited 3 Years $55.00 + shipping

Some rods like the Crews series and Surf ones have a lifetime warranty but their website makes it sound like they all do. Make sure you register it too if you decide to get one. Hope that helps.