Been a long time since I've used bait casting rods for steelhead or Salmon so don't pay much attention to the cost of rods or reels. Muching a quick lunch and opened up the new Spring Cabela's catalog and about choked!
They're listing Shimano spinning reels for as high as $460!!!! and level winds as high as $350. What the heck (descriptions not withstanding) could you put in either one of those types of reels that would get them to price out at that level? No need to answer; someone out there must be willing to pay or they wouldn't list them.