Of course it does,
Just be sure to fill the spool with plenty of backing with either line. I use a Hardy Princess on one of my six weights and they are a 3.5" reel and I keep an Orvis CFO IV for my 9' 5 wt. I wish it were a CFO V so it would be a little bigger and heavier. Glad to hear you settled on a reel and got a good deal.