Wally,
A wire line dipsy refers to a setup with a reel large enough to hold 1000 ft. of wire line, some ad backing...like power pro to keep the wire from slipping on the spool. Tons of different brands of wire, I run Atomik...http://www.atommiktrollingflies.com/lee.htm 1000' camo 30lb. You have to get a reel large enough to fit 1000 ft. The reels I use are Daiwa 47lc's. Rod size is usually dictated by the size of your boat or how the back of your boat is set up. Usually you run the dipsy's off to the side as you stated above, so you want a rod thats not going to be running into your other stuff and you want it to be beefy enough to handle the pull of a dipsy. Also you want to add a twilli tip so the wire doesn't cut thru the top eye of the rod. http://www.fishusa.com/Twili-Tip-Wire-Line-Guide_p.html After you get the rod set up attach a big swivel to the end of the wire using the wire line not...http://www.fishdoctorcharters.com/templ ... ctor=video add a 8 to 10 ft. lead on the out end of the dipsy and what ever you want to use for a lure...spind doctor fly...spoon...etc. Good luck I'm not an expert..just passing on what I have also learned from this site..
Tom