Don't use the rod to set the hook if you're using light gear, instead treat it like you're strip setting a hook, tighten the drag and reel to set it instead.
How much pressure does those UL drag puts out? You set the drag too light and you essentially accomplishes nothing on the hookset if the hook point find cartilage. If you set the drag too tight then as soon as you "reel-set" the fish goes on a run on a tight drag and you risk breaking the tip off the UL rod.
Unfortunately, unlike fly fishing where you can strip set with your hand, and then let release the fly line with control as the fish runs, pick up stack and fight the fish on a pre-set drag setting on the reel, you can't do that with a spinning or casting reel in an icefishing situation. You pre-set the drag for the hookset, but you'll have to lighten it for the fight.
Also, unlike a soft water situation where the fish runs vertically and horizontally and you have room to angle the rod and line to accommodate the fish, when you are icefishing, the line often angled off to the side when a fish runs. It's not that much of an issue now, but come mid-winter when you have 24" of ice, the line often rubs the side of the hole (bottom of the hole) on the run. You set the drag too tight on the hookset and the ensuing initial run and you risk getting the line stuck on an edge without much give and SNAP! With a UL rod and heavier pound test, you risk snapping the rod before you snap the line.
Poster is a newer ice angler...who may not have the experience and quickness to dip the rod in the hole and fight the fish around the hole underwater. I post my response with that in mind.