That would be a "good" rod for casting jigs, but a "better" one would be a 6' or 6'6" med action Cherrywood (IMHO) and I'll tell you why I say that :
Fishing from the bank, the longer rods will cast farther & take up more slack line during the hookset (and require less arm raising or speed reeling to do it). The "light" action of that brand may be a little too soft, without being more or less directly over top of the biting fish.
Unfortunately, not all "UL", "lite", or other power designations are equal among different brands. There's really no "standard" among them. The power designations are simply compared to the other rods of that brand's lineup, meaning that a "lite" action rod is just a little stiffer than an "ultralite" and a little "softer action" than a "med-lite" OF THE SAME MODEL WITHIN THAT BRAND. It may or may not compare to the same length and designation of a competing brand's rod.
Ideally, you would want a rod that had a medium power designation and a fast action tip. The "power" would guarantee you a strong hookset and the ability to control a large fish, while the "fast action" of the tip would help you with casting distance & sensitivity.
And understand, if you elect to use a float with your jig ... a shorter rod will be more cumbersome to cast with, and you will find yourself missing a lot of fish or losing them on the way in ... for the simple reason that you cannot take up as much slack, as quickly, as with a longer/stronger rod. Remember, most all of the hookset power is stopped at the float, because your jig is at a ~90deg angle to you ... so you have to move the float, thru the water's resistance, until you get it directly in a line between the rod tip and jig before the jig hook will have much power to penetrate the fish's mouth (esp. the roof of the mouth, which is where you always want the jig hook to be).
Casting with a jig, alone, it's not quite as dramatic ... but, you still have to overcome the distance, slack, and line stretch hard enough & fast enough to solidly stick the fish before it can spit the jig out.
Case in point : I'm over 6' tall, with a wingspan of over 6' ... I used a 5' UL rod for quite some time, for casting jigs. Setting the hook meant moving the rod/reel (and my arms) to almost above my head (with nearly totally outstretched arms) when I would get a bite at much of any distance. Since I went to my current 6'6" ESP PowerLite rod as my primary jig casting rod ... my hookset involves rod/reel/arm movement of less than 1/3 the distance I had to move the 5' rod. It really does make that much difference.