I have a 10' Fanatic Fly and use it in the surf from 1'-3' or even up to 4' max. It surfs really well in the smaller stuff and I think it is better in up to 3' waves.
Have had a few wipeouts when the bigger sets roll in and I guess it's partly my bad technique and partly the size of the board that limits it. It will do cut-backs but not fast ones. (I weigh 70-72 kg so have to get right back for this).
The HRS construction is fantastic and durable and it doesn't weigh that much more compared to the Fly woodie version and it certainly is great value for money.
The Fanatic All-Wave is better for serious surfing but the Fly is a great all rounder IMO.
Will do me for a while yet.