I have been using a LOOP 4 TRADITIONAL on The spey rods (12',13'6",15' 7 & 8wts) I fish and have been extremely happy. The cost is moderate ($350 reel, $150 spool) and has gobb's of line capacity. It's rated at 200M of 30lb. w/ 12wt line. I the line I've got is a 150' 8wt Multi tip (MORPH LINE) and I hope to someday throw the whole thing, but it wont be any day soon. If you can live without a drag and have good rim controll ability's I think these are hare to beat at the cost.
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"Doing it right the first time is not an option, it's a requirement"