I have owned both the islander and the kingfisher and my preference was for the islander. I found the islander to have a better start up and easier to cast, it really depends on the type of water that you are going to fish most. There are alot of great float reels out there, everyone has their favorites. I would try to test them out if you get the chance. Where do you live? Another reel to consider is the Mykiss, this reel is due to come out in February and is basically the improved Hanson reel (my personal favorite). If you have the opportunity to handle some reels before you buy them I would strongly recomend doing so. There is no right or wrong reel just the one you find most comfortable for what you can afford.
Back to the Milner reels, he does make a beautiful reel called the Talisman, if you have the extra cake that might be one to check out as well.