I have a BBSII for my 3wt also. I was going to get the BBSI, but it was so small, just as the above folks have said. It looked like a pocket watch . I took the clicker off mine, it is a little plastic piece that pops off. It still clicks, but not as loud. It's a real nice little reel.
I cant remember using the drag on it.
I have a ross evolution (old model, not the LT)I got for $150 on ebay on my 4wt, and it has a great drag, if that is important.