You could probably even get away with the 700ML, it's a little beefier than the 700L and is made for 20-30 pound line. Awesome rod. I don't fish the Sealines, but I hear lots of folks saying good about em. I've also heard lots of folks talking bad about em. I just think they feel cheap. They dog spring is cheez, it's super small, and often craps out. One of the most important gears is plastic. I think you can get a metal replacement, but why spend the extra money/effort when you can buy one with the proper parts already? I'd suggest the 700ML, you could get that built for 150, or cheaper. Go cork tape, it's the cheapest handle material. For the reel, look into a little Newell. Like a 300 series. They're easy to cast, so you can learn easily. Also, look at Abu Garcia's, they're probably one of the best beginner's baitcasters.
-Brian