I like the Bass Pro Hobbs Creek reels. Cast aluminum, disc drag. Just redneck enough to make people turn up their noses and scoff at them. On the other hand, I own several, none of which have EVER failed in any way, including on a fish. I have landed thousands of trout and several hundred steelhead on them. No complaints. And 40 bucks, so you can buy reels instead of extra spools.
Then again, the largest fish I have landed on a fly rod (47# chinook),
so far, was caught on a clicker reel, and I would not hesitate to do it again. I see absolutely no need to spend a couple hundred dollars on a high end reel for trout.
http://img.photobucket.com/albums/v3...11705_1_lc.jpg
http://img.photobucket.com/albums/v3...10905_6_lc.jpg
http://img.photobucket.com/albums/v3...20905_4_lc.jpg
http://img.photobucket.com/albums/v3...ropped_low.jpg
http://img.photobucket.com/albums/v3...22904_b_lc.jpg
and so on, and so on...