This is what I've found out about the reel.
I posted about this reel on Gowge's board and he said for me to polish the spool ends to get it going faster. Then he said a mag conversion might work too but I don't think he's done one on this reel.
Mindi said there is line on there and that the spool looks black which I think means anodized aluminum.
I looked around eBay and since it's an older reel, it sold at about 20 or 30 bucks. Of course squidders are old reels too and I don't see anyone complaining about them

. I'm not equating the two but penn reels, especially the older ones seem to be workhorses.
Can anyone tell me more about the reel and anything about the rod. I know medium light isn't going to be a stick but I'm not sure exactly what Penn's idea of medium light is.