Dual purpose - that's how I build most all my rods now.
The most interesting, and surprising thing about it is that, with spinning gear, it casts noticeably farther then setups with 50 to 70 ring stripping guides. Conventional casts the same.
Braid only - this does NOT work with mono.
Fuji bnlg style frames, you can use better ring material if you want. The stripper is mounted reversed to allow a possible blow by to slide off the frame rather then catch. Looking at the picture, if the rod is pointing to the right then you have to turn the guide around, single leg going on the left side.
The location of the stripper has everything to do with the spinning reel you'll be using with the rod. Tape the reel on at the location you're most comfortable with. Tape the guides on and test cast it until the stripper guide is right. You don't want slap or blowby.
It's a completely different way of thinking then the old "cone of flight" method and a lot of old timers cannot seem to come to grips with it.
It's a hard choke to between a 20 and 30 stripper guide depending on the width of the spool of the spinning reel that's going on the rod. After the hard choke you can take it down fast to a 15 to an 8 to a 6 and out (or even faster).
The locations of the rest of the guides are based on the conventional style.