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I have limited experience at the Canal, but I have upgraded my gear this year to a 10' Tica rod (2-8oz), a couple of used 704 reels (30lb fireline on one and 80lb Whiplash on the other). I did pick up a spool on Ande 50lb to use as leader material. Used 40lb last year.
Last year I used a older fiberglass rod (mid 60's Lamiglas) with a 6501 conventional and a Daiwa Sealine with a 6500SS both with 20-25lb mono, and a 710z with 20lb fireline. The Daiwa was rated 1-5 oz, but really 3oz is the max that you want to use with that rod. It could not handle the larger jigs that were needed when the current was ripping.
I believe your Salt Stick is limiting your ability to use the heavier jigs. It is rated to 4oz, but 3oz is probably more the actual limit of the rod as manufacturers seem to overrate their gears capabilities.
The Avenger reel is probably fine, but the 704 is a rugged reel. Might want to see if you can score a used spool and get some 50 or 65lb braid on it. Use a 40 - 50lb leader and use a quality snap on the end.
Definitely listen to what the more experienced guys say. I am a rookie at this, but did feel like I was not able to effectively fish during periods when the current was really running last year, and focused more on the near-shore areas, so that is why I got a rod that could handle the task this year.
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