I agree. Doesn't have to be top model, but somewhere in the middle or top 3rd is fine. Every time I bought cheap, I suffered with malfunctions and let downs of the reel. If I add up the price of say the last 3 cheapo reels I bought, I could have gotten a decent one and suffered far less aggravation. Even if you have to wait an extra week or two to get up the money, do it! If anyplace the old saying stands true of "you get what you pay for", it's when you buy a reel. You won't be sorry. This past year I bought a decent Revo baitcaster for more money than I normally would have spent in years past and was very happy with it. I'll be buying a decent Shimano spinning reel in this off season as well and will spend more than in the past again. Good luck and keep us posted!
I have had plenty of luck with a baitcaster, but you really need to buy a decent one to have any kind of luck. Spending $50 on one is a risky proposition. In regards to spinning equipment, it happens to be my favorite. Again, like baitcasters (or any type of reel for that matter), don't go real cheapo or you will regret it. I have been a longtime Shimano guy, starting with a Syncopate around 25 years ago. Now I'm not saying you need to purchase Stella, but somewhere in between seems to be best. I have two Stradics and three Saharas. The Stradics are a very nice real, but I think it is a bit of overkill, unless $ isn't a concern. The Saharas are a very good option. They are durable, have a very smooth drag, and instant anti-reverse. The only problem I have had was a broken o-ring in one of them, which was easily replaced. No matter which model you get, make sure you get the larger spool model, such as the 4000 series.
May I suggest the Stradic CI4. It is still a stradic but it's a step above the regular stradic. I hve a few stradics including the CI4 and the CI4 is an amazing reel. Go check them out.