There are a ton of nice $100 reels (and maybe even cheaper) out there. Unless you are into extreme fishing, you will not be fishing steelhead or salt with a 3 or 4 weight reel and you won't need a lot of backing or drag. Orvis makes a nice one. Most anything will hold line just fine. Might look at an old Hardy for some flavor. Just buy whatever suits your fancy. Spending big money for some super drag isn't necessary. Never seen a 3/4 Billy Pate.

Bob