A levelwind is going to cost you 10-15 yards. If you plug it is worth it everywhere but the canal. For eels, probably not. The calcutta TE is a very powerful reel....just don't get it wet.
All conventionals without a levelwind will cast an eel about the same distance, the issue becomes how much help you need controlling them.
The smaller reels have better ergonomics which make them easier to cast, but the gears/drags/line capacity may not be up to the size fish you are probably looking for with an eel, particularly in current.
I don't own one, but the 525 Penn mag is supposedly a good casting reel with plenty of guts and some refinements. I like Newells, but that is with mono, with braid each mistake is a disaster. You can slow them with thick oil.
The rod is probably more important than the reel and the opposite of what you would expect. Unless you are throwing only aerodynamic stuff, stay away from fast blanks with conventional reels. They unload too violently and make the reel hard to control so you thumb more and lose distance.
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