Pete, that's essentially what I have with a UL Pflueger reel with 4lb test but on a back packers, five- piece, 3 weight fly rod. I'm using the above poster's suggestions here for a Mepps, Panther Martin spinners, and the various small stick baits with a few other odds thrown in; for example, some split shot and some extra light line for a dropper line as mentioned above to fling a few flys.

I've also used the clear bubble you mentioned above to cast a fly with spinning gear to bass and panfish here in the Midwest.

I love elk hunting but am actually hoping I get to spend some time doing this.