The rod you have will be a sweet rod for steelheading. For a reel I would go with the Teton Tioga or a Ross Cimarron. Both reels are really nice and have a lifetime warranty. For a line I would go with a Scientific Anglers Air Cell. An old time steelheader told me this was a good line for steelhead because it has a short and heavy taper on the front of the line. I trusted him and it turned out to be a really nice line for steelhead. The best part about the line is it was $25. You can make your own sink tips or buy one at a local fly shop. The guy here in Port Angeles was selling sink tips for $3-$5. If you do that get one that is 6' and one that is 12'. This will let you fish all kinds of water conditions and you only have about $35 invested in your line. This is what I use and it is a good setup. But if you feel the need, you can spend $120 for a Rio .

~ Dr Pepper