Kev,

The best saltwater fly reels on the market today are the Tibor, islander and Ross Canyon Big Game. They are all machined reels that come with a waterproof enclosed disc drag system. The only problem with the Tibor are the difficulty in changing spools, and the fact that it runs about $615.00 as does the Islander. For the money I think you can't beat the Ross Canyon Big Game reels. They have all the same features as the two mentioned above but are a little less than half the price. The canyon also is very easy to change out spools. I own a couple of Ross Big Game reels and have been very happy.
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Catch and Release Wild Steelhead!!!