Looks like a good set up for fishing. It all depends on how you want to fish though. Some. Lik e. Using downriggers, some divers, others like to mooch, then there's bouncing the bottom with heavy weight for the halis. A lot will depend on the boat set up and area.
Now to show how little you need. We were fishing off the rocks near Ketchikan with our spendy spinning and casting outfits and some little 8 year old kid with a Sponge Bob closed face reel and 3 foot rod was reeling in all kinds of silvers and pinks. We almost tossed him in each time he yelled out for his brother that he had another one on.