My fishing partner has the "Montauk Eel Rod" and I have to say it doesn't get much action. Most nights that we are eeling, he sticks to his 132 1M as it a far more versatile rod.
I've cast his Montauk Eel Rod and find it to be very very soft - which is the point, I guess. Regardless of how soft or how easy it is on the eels, he still fishes his 132 1M as it isn't too fast for eels.
When I know I'm going to be eeling for most of the night, i have a 120 1M that was built specifically wrapped for eeling (layed out concept) and I find it soft enough to throw eels but gives me more versatility in throwing anything from a 3/4oz bucktail to a 4oz GRS pike (which are always in my bag).
In my opinion, your better off with a GSB M blank as it will give you more range and versatility if you plan on bringing plugs with you, etc.
If you know you're only throwing eels that night, then maybe the 120 1L cut down is the way to go. Just my $0.02
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