In short the Rod does not work at all. You can attach bait to it but it will refuse to cast. It will use a durability point, but not actually do anything. Even worse is you can't scroll or hot key off of the rod. You have to toss it or open up your inventory and manually move it out of your hand. Crazy weird thing.
Not trying to report a bug as I'm still troubleshooting and trying to figure out how wide the problem is. I was curious if anyone else had seen this issue? If not then it sounds like a mod problem.