Flyfishing bamboo

[bdn06]

Hey, just wondering if anyone has experience using bamboo for flyfishing. I pulled out my grandfather's bamboo rod, which has never been used, and was urged to use it. It was built in the 1960s, but is not a high end rod, so I might as well quit depriving it of it's intended use. I seem to recall someone telling me that the action on bamboo is quite different from graphite and glass.
Anything I need to be aware of?
Anything different I need to do for casting, etc.?
Can I fish nymphs without problem?
Maybe even use a sinking tip line, or do I need to stay with the standard floating line?
Thanks!
[signature]