As an example here is a fly reel that I do not believe is machined and I own 3 of them with spare spools. I really like the reels and the price and I feel they look good plus the drag is great. As far as I am concerned, I must purchase what I can afford that does the job I require and these reels fit my requirements and price range plus they have a lifetime warranty.

http://www.sageflyfish.com/dyn_prodlist.php?k=144881