I can do both on the same run? Ah, so the guy's fishing rod really is gone forever then? Thank you.
You can do one or the other (Rohan's gives a little bit better of a reward, though!). But yes, the poor guy's fishing rod is lost forever :(
I shall make a grave for the fishing rod. R.I.P.
P.S. I love it when small side stories like these exist. Gives the people more life, and in turn, the world.