Penn Spinfisher for all around use?

I'm looking at the Penn Spinfisher VII combo with the 8" Medium-heavy rod and the 5500 reel. I'm wanting something that I can use for catfish, largemouth bass, trout, etc in my local lakes and river, but also something for surf fishing at the ocean. Is this a generally good versatile setup or is it too much for smaller panfish in ponds and such? Thank you.