Hi Chris,
Daiwa rods are definitely well built and tough however I find that they put too small guides on it making for some truly horrendous wind knots when you start putting 200lb+ leaders FG'd to pe10 through them. Another important thing to note is their lure ratings. I've used the pe8 Demon Blood and Extreme and both had too small guides and would over saturate the blank while trying to cast and work 150g Cuberas.
I would recommend looking at 2nd hand rods or add another $100~ to your budget and you should be able to pick up something in the next level up. Something like a Black hole Cape Cod, FCL UCB, Temple Reef Reefer, Swage etc.
if you aren't able to stretch that little bit more, I think you may as well settle with a Shimano GT Special. They're a lot of rod for the $$'s and can land big fish. At least that way you can get out on the water with confidence while you save some pennies to get something in the next level up.