Yes, but also melee mode for the rod. Obviously with the line and the hook attached to it.
Make it
Swinging: 350 reach, 15 pierce
Stabbing: 160 reach, 18 blunt
And you can hold it away from your body and then start spinning like crazy hitting everyone around you for 30 seconds, with chance to knockback and knockdown.
But to balance it you are dizzy for the rest of the round afterwards, meaning everything is turning upside down and blurry and every now and then you throw up.