A 5' rod is pretty short. I would want to use a light weight reel with one that small. I have a Lew's laser lite in 75 size that I have enjoyed using with light tackle. It's only about $30 and has 7 bearings and is pretty smooth. But I haven't compared it to the others in it's class, so consider that before listening to me.
I asked about spinning reels on here back in the spring and a lot of folks recommended the Lew's line. I wound up buying a custom pro model for my drop shot rig and it is a good reel. I also got one of the standard Speed Spins for another rod. It's the same reel with fewer bearings and some plastic where the other one is metal. It seems to work just as well, but isn't quite as smooth. The laser lite has some graphite parts to cut down on weight, and I use it as a crappie outfit. I was surprised by the quality of this reel, considering how cheap it is.
