Some of may have read my post "Can I find this reel?". The spec was:
Lever drag
Max drag at strike: around 20lb, a bit less may be OK, don't need more
Spool capacity: 400 to 450 yds of 65lb Spectra with 25 to 50 yds of 50lb topshot
Must have lugs
Single speed OK, 2 speed better
High-speed retrieve (say 5:1 or so)
Machined aluminum frame
Weighs less that 30oz
Costs less than $300 (or thereabouts)
Of course it must have greased carbon drags
Well, I found it. Thanks to "Jimmer", who made me aware of the Okuma Cavalla, and to Alan, who let me know they are OK (I know, they're not a Makaira :) ). From what I can tell, the Cavalla is being discontinued, and I got three Cavalla 15 2-speed reels for less than $200 each on eBay. That looks like a hell of a deal to me. I'm going to spool them up with 65lb PowerPro with a 20' 80lb Fluoro wind-on leader. I think they are going to be great "50lb" reels. Again, thanks to everyone who chipped in with ideas. This is a great site.
Glad to hear it Tony - enjoy! Be sure to give them the full A.T.pre use service and I think they will work great for you.