$400? There is absolutely no reason to spend more than a deuce
Seriously, there are many top quality conventionals in the $100-$200range. Abus if you need a level wind. Newells, Daiwa Sealines or Avets if you think you can get the hang of leveling line with your thumb. In fact, if you can find one, you could do a hell of a lot worse than a Penn Squidder for less than $100
