Texfly.
Absolutely a great idea. I did the same thing you're thinking about. I traded a Wheatley fly box for a miss matched 3 piece bamboo rod and converted it to a 6', 6 weight banty rod. I haven't fished it yet because I'm saving it for just the right waters. I don't want to christen it with a scrap fish. I paid about $25 for a Medalist reel and $25 for an S/A 75 foot WF6F second. I get 60 feet out of it while lawn casting and I like the way it turned out. My suggestion would be to "Go For It." Here are some pics;






I can hardly wait to fish it. You'll feel the same way.