Recommendation for deep water high speed reel

[Garone Custom Rods]

In that price range I would suggest a Penn Baja special. It has plenty of capacity and good cranking power. I would make one modification from stock, move the handle are out to the longer position and also replace the handle knob with a t-bar handle. Google Alan Tani, he has the replacement handles available. I would suggest the 4/0 size handle for the Penn Baja Special unless you have very large hands