I still can't understand why you would find a 7.5' rod a hindrance for bank fishing for panfish.
I started on a 7.5' 3wt Three Forks, then bought a Redington Crosswater 8'6" 5wt. I won't own another rod longer than 8'. I currently own my LST 2wt and am eagerly anticipating the arrival of a 6'9" 2/3 Fitch Purist. I don't like how longer rods feel, and personally, if I were teaching someone, or suggesting a starter combo, it would have to be an 8' 4wt St. Croix Triumph combo. I caught two 11" redear sunfish on a 4wt St. Croix Prestige rod two Octobers ago, and if I hadn't sold it, would still be abusing that rod today! Use the Prestige Plus reel, and the included line. It is a sweet little rod and comes in WELL under $200 for the combo. At that length and weight, you will have plenty of guts for casting in wind, yet still having the ability to fish rather stealthily for spooky fish. It will also toss a darn good sized woolly bugger into some structure for bass.
That rod size is largely overlooked for the most part, but don't believe that you should start with a 5 or 6wt, regardless of what someone says. Also, don't write off fly fishing for bass and panfish in ponds, creeks and rivers, namely, the Blue and Little Blue in the KC area. You can get into any combination of fish in those streams including channel cat, common carp, drum, bluegill (I caught one about 11.5" from the Little Blue), green sunfish, largemouth, and whatever else is in there. Since I started fishing for gills, I have spent much less money driving to trout water. In my mind, the sunfish species as a whole fight harder than trout, and catching large gills post spawn is just as tough as chasing large trout, if not tougher.
This is all my opinion, so take it for what it is worth, but I do know there are a lot of trout snobs in the KC area that refuse to fly fish for warmwater fish. Please don't be one of them.