I was looking for a new reel for my 5-weight too, and today ended up with a new Ross Flywater 2. It was on sale for $75 at the local fly shop, the owner marked it down from $99 because it's the 'old' model and she couldn't get extra spools for it. It's solid and tight, and the Gunnison drag is sweet! Plus the price was right, it's a local US manufacturer, and from a local fly shop. Will be (hopefully) testing that drag out on some big browns at the high North Park CO lakes next week!
DANBOB