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Sorry Paul: I have had a different experience with mine. I have a berkley and it has done me well for three - four seasons.
That said, the pin does slip out slightly (never actually fell out), and I had to glue the grip after it slipped, but I haven't had a fish get out of it once gripped. Reasonably rust resistant, too.
I know that the newer ones have better grip and lanyard.
Personal use - bass to 26 lb, seriously pissed off blues to 12 lb, no problems either time. Plenty of saltwater exposure over the seasons.
Against the Boga, the Scotsman in me cannot justify $100 against $30 for the same use (granted it hasn't go the scale on it, but I have a decent small 50 lb one for $10 vs the extra $70 on the Boga) - and if I do lose it, the replacement cost is a hell of a lot less...
my 2c.
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