A pflueger medalist 1495 is a good all around reel that will always be
cheap, has an adjustable drag, reversible crank, cheap spools and lots
of them around second hand. Only trouble is you can buy them new for
about the used price for the older ones.

If you are a new fly caster a double taper line will let you roll cast
and feel the line on your back cast. The dealers want to sell you
several weight forward lines which will not roll cast or spey cast like
a double taper. they think you need a line for every spe cies of fish.
If you pay attention to learning the principles of casting you can do
about everything you want to do fishing with a double taper line and
have more fun with it. You can cast just about as far with a double
taper and have a much better feeling cast. The double taper loads your
rod so it feels good and you want to cast it. The Pfleuger is the first
large arbor reel. You don't need the large arbor reels they are selling
now because you want a reel and a couple of spare spools One with a
sink tip and another with a full sink line. The large arbor reels are
too bulky and their spare spools are too bulky for your fly vest.

A cheap double taper line from a big box store - 15.00 or so at K Mart
-will do you just fine until you are more familiar with the craft. Then
you can spring for a stiff floating line which will be easier to handle
in a boat or standing up than a weight forward. It will also cast
farther because it doesn't tangle up much and goes through the guides
better. The high end lines cost more than the reel. Don't be afraid to
clean and dress your floating line. It will pick up easier and go
through the guides faster and farther.

Good Luck
Bill