we've talked about this before but i really don't think that you'll find the 1201L to be that much better for pencils than your 1204 but your welcome to test the two side by side - maybe casting and comparing before TFCTFN next weekend? a 1201L with bigger guides than I have on mine might make for a whippier rod and one you'd be more happy with but sizing guides for action is well beyond me - i just know that it has an impact and bigger and heavier guides = whippier rod.
you tend to use more rod action with pencils than I do though so for you the difference between the 1201L and 1204 may make a bigger difference than I think it will.
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