Nice no-nonsense Penn - I've got a couple and use 'em occasionally in the spring for 10 and 12# -
Like it's bigger brothers the 704/706 it easy to maintain although parts just rose dramatically (for Penn, anyway) - of course, parts prices are relative if you consider the cheese you'll have to dish out if your VS goes south.
Basic, reliable, easy to self-service - and a good dollop of Super Lube in the gear case will shut up that &#**#%& anti-reverse clicker
I got back into the old bail-less 704 for eeling this season with the chromed one I got from Senor Habs - used it last nite in fact - and it's like an old pair of shoes, plenty comfortable
You oughta be able to get a used one in reasonably good shape for short money I would think, John - but I don't know how braid friendly they would be if that's what you're thinking since I'm an old mono die-hard.
If you do pick one up and want to convert it to bail-less give me a shout - I've got a coupla conversion kits hanging around somewhere in the tackle bunker.