I don't know a lot about float/centerpin reels, but they typically engender some derision because they are associated with bait. I've noticed that there are people using them for fishing other tha with bait, particularly in AK and the Great lakes region. Some of the lures look like egg patterns. Are they doing it with beads too? After watching the video on casting (second link) it appears that the bearings and ease of feeding line would make such a reel useful for chuck n duck style Alaska fishing with heavy shot and beads.
The first link below for Raven has a picture of Billy Couliette, who co-owns Troutfitters in Cooper's Landing. The Pro Staff link shows other guides that are fly fishermen.
Something about float reels has inspired Ross to release its first for 2008, and the video in the third link below indicates that they use some silky smooth bearings.
I know we have members in Alaska. Anyone know the scoop on how they are rigging and using the reels?
http://www.raventackle.com/float_reels.htm
http://www.raventackle.com/casting.htm
http://www.rossreels.com/