The Squidder can be a decent casting reel once you get it down. They can be a bit "squirrelly" until you get the hang of it. There's lots that can be done to modify the Squidder like magging, Accurate plates, frames, etc.
Not sure if M&D's can get the small spool conversions or not. Ask Mike. I think Red Top had them at one time when I checked.
These guys have a plethora of Penn parts and are very good at getting them out to you right away and they have the conversion for a 140 to a 146L
http://www.scottsbt.com/catalog/stor...8081C6014.aspx
Oh, and the plastic finned spools cast much better than the chrome spool versions. The aluminum is okay. My preference is the plastic though.