Okuma or Tioga both make reels perfectly suited to steelhead and coho.
As for a line, I've used home-spliced Multi-Tip lines for several years. Now Cortland, SA and others have out-of-the-box clones of our Pacific Northwest lines and they are also good. With the mulit-tip lines you have tips that float, sink slowly (clear intermediate), sink fast, and sink very fast. You can cover most fishing situations with one of these lines. I have used both the Cortland and SA offerings. The Cortland gets my vote due to a better loop-to-loop system. However, SA may soon catch up on that issue. Air Flo, Rio and Cabela's also make similar lines. Multi-tips are perfect for our west coast fishing needs.

Les Johnson