Interesting, to say the least, but 25 years ago, Lee Wulff did this with a big game salt water reel and a 12' "Noodle Rod" and published the story in Outdoor life. Of course, at that date and time, spooled reels didn't have the super sensitive drags they later developed and his "opinion", was, "To easy to break running fish off, due the poor drag system".(referring to reels of his day).
And, no, you couldn't use this set up in Oregon, at least,on "Fly Only" waters.