It is very hard to determine what is cost effective for some one other than myself. However if you fish somewhat frequently and want to be fairly well setup my answer would be yes. The UEHA is a graphite based rod blank. The Uela is a Composite, which means it is comprised of graphite and fiberglass.
Some composite rods can be very good, but they are heavier than a Graphite rod of similar power. If you just fish a few times a year to be "Out with the Guys", get the UELA. First and foremost remember this. You are on the land, the fish is in the water! He/she (fish) does not have any idea what you are using, the enjoyment of good tackle is of benefit to the fisherman only.