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First let me say that I am not justifying this reel, just giving you the info that I got. I saw this thing and spoke to the maker yesterday at River's End. It's $1,299 and what he said is that the holes on the knob allow air to pass thru to allow longer casts???? Whatever. And that duhickey that sticks off of the stem is a switch for the reel if you want it with a bail that allows manual flip of the bail or automatic, and also serves as a hook hanger.
I still use a 20 year old 704 as my main reel and it still catches many bass.
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