O.W. - not sure how big that reel is as I have never heard of it but its advertised price is pretty low so I am not sure of the quality but if you get a few decent fish than it is worth the dinero
Typically we would use something in the size of a 5000-6000 shimano a Penn 5500-6500 in spnning when anticpating 20# or better fish. Lines typically 30# Fireline or better. My experience with cheaper reels is that I can blow them out in a few nights of decent fishing but buy one solid reel for more coin and maintain it myself...
Though you can use light tackle, the fights tend to be longer and more harmful to the fish, preventing a safe and speedy release - not to mention the day you hook into a monster you probably won't land it...