Yes they do...
IGFA has fly rod tippet class world records and conventional tackle records. You have to be prepared with everything once the catch is made to have a chance at the record. Check with the IGFA website, I am a regular over there as well. Lanier Guide Henry Cowen has put a client on two spot fly rod records recently, both were around 5lbs.
The sound of rushing water, the perfect cast, the perfect drift, then fish on...now thats fishing.