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I'm with Pete,
The 704/706 reels are built to last. The 704 has 1ball bearing, the 706 has 2. They are both strong reels that will last a long time if you take care of them. By the way, your Dad's Ambassadeur 7000 had no ball bearings, just bushings. I fish with 3 of the old red versions. They are very smooth reels that cast just about as well as my newer 7000CL Big Game with 3 ball bearings.
The 704/706 are very smooth reels, they get smoother when they break in.
sean
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Threaded Mode