Rich,
I have always preferred reels that are machined barstock, such as the Teton reels & Orvis Battenkill barstocks...they are more durable than the cast aluminum. Both are around your price range, although you can get the Teton Tioga for under $100.00, & I don't think you can get more "bang for your buck"! They are truely super reels.
Mike

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You can call me Mike & you can call me Mikey..Just remember that this site's about sharing!