Everyone has their preference... I use nothing but ML rods to throw 1/32 and 1/16-oz. all the time. I won't drop down to a L or UL, but that's just me. With the right setup, you won't have any problems.
-T9
I just bought a 7' medium light st. Croix triumph Rod with a fast action tip and put a pflueger spinning reel on spooled with 10/2 spider wire stealth. I love it for casting 1/32 to 1/8 jigs and like it a lot for slip corking.