I have a Milwaukee spline drive hammer drill that will go right over a 5/8" rod with no problems, I have been using it to drive rods for over 15 years and its never had a problem, the nice thing is if the rod starts mushrooming the rotating splines will keep it trimmed off, now with an SDS you shouldn't do this because the bits are held away from the back of the bit holder by the key lock into the side of the bits and a rod can punch a hole into the back of this and damage the drill gears, but I figured since the spline drives take the chisel bit all the way in, and since hammering against a harden chisel doesn't hurt it, how can a soft Iron rod?.
My manual driver is a 20# sledge hammer head with the face of it welded to a 3/4"X3' black pipe, it works good, but nothing like the spline drive hammer drill.