I have been Ice fishing for many years and have fished with many different types of rods and reels. On the cheaper end of the spectrum on rods is an Eagle Claw or a Shakespeare combo. They work alright but the feel for bites is very different compared to a more expensive rod. From my personal experience I only run 13 Fishing rods and reels. The best rod for Walleye in my opinion is the 13 Fishing Widow Maker 28″ ML. For trout you will want a longer rod either in the 36″ to the longer 42″. You will want a longer and heavier rod since a trout is larger than a walleye. A 13 Fishing Widow Maker 38″ MH will be your best bet for Lake Trout fishing.
Cades Outdoor Opinions 