Most rods will work with either a multi or fixed spool. The softer match tip rods however are better for multi use. Fixed spool rods tend to have a stiffer thru action. But and a big but, this all changes with continental type rods, these are generally fixed spool only.
One thing to remember when rod building is to find the spine of the rod, if you roll and flex the rod in hand you will find its stiffer in a certain plane. For multi use rings go on the inside softer side and for fixed spool on the stiffer side. Don't always trust the manufacturer to have got this right but any rod builder worth his salt this will be second nature.