C_Run;n609676 said:
You would have more fun with the smaller fish on a smaller rod. It sounds fine for steelhead. I would go with a light or ultra light if you budget permits.
X2.
The short answer is, one rod isn't the best (for all species). You'll barely feel, a trout on the end. And it's very overkill, for panfish. I use, for example, a 5' hollow ultra light Lamiglas Supreme glass rod, for panfish. But I've been fishing, for over 50 years. So I've accumulated, all sorts of rods. Different rods, to match the type of fishing.
But if it's the only one that you have, it'll do. Until you can invest, in other rods. Which, is part of the fishing addiction! ha ha
Good luck & tight lines.