I know you posted a question re: BC reels vs spinning reels (I responded to that one).
So the question may come back at you as ?? Spinning?? or ??BC?? reels?
Next question is your lure's weight ranges. I'm going to assume everything you throw will be over 1 oz, poppers to divers, spoons to baits. The rods I'll highlight will top out a 4oz.
For spinning, the size 40 Cabela Prodigy is a very, very nice Diawa, all metal frame & leg to handle the pressure. The line-cap may seem a tad low, but you get around that using 50#or 65# braid. Extremely nice reel.
For BC, I'm a fan of Abu, Diawa & Shimano. You can get an Abu 5600/5500 on sale for $70-$80 in C3 or C4. If you could possibly find a C5 MagX, just buy it immediately. Otherwise, these are in your range:
Abu C4, 5600 $80-$90; Okuma Induron 250-300, $90; Shimano Cardiff 300, $80-$100; Diawa Luna (blows budget), Pflueger Trion round 300 $80-$90; Quantum Classic MG, $85.
They all have the drag & handling you want in a price that fits. (you can talk Catalina, Curado 300, or Abu Toro, but $$$$$)
Braids allow smaller, lighter reels, but, you may prefer the leverage & strength of a round reel.
Rods. Bob's right about that SaltStriker, and I remember him shopping for that rod. I chose the 7'6" 2-pc similarly rated, and I bought 2 in the 'Cave'... too bad the're discont. now because I'm using mine a few times a week tossing 2 oz a mile. Nice rods. I could tell you about a couple other discontinued Cabela's rods... but you'd feel terrible.
Every day (3-5x week) I cast 1oz-4oz maybe a couple hundred times as far as I can into the salt water. Maybe my gear is so good I'm spoiled, but I cannot remember being so tired I'm dyin' & I'm coming on 60 & not in the greatest condition.
For Cabela's, Their SaltStrikers & TXS Salmon rods were my ticket, but what I can use & most strongly recommend are discontinued.
But I have the FE II musky and it is very very good, and light. It has a carballoy tip, large foregrip, which I love, and is a grey-colour $80.
For alconite tip & smaller foregrip (which I don't like), the FEII GC7042 is $50 on sale, and that completes your purchase in budget and very nicely. It has the same blank-specs and is the usual green.
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
If you can deal with a 1-pc 8' rod, and bump your budget, the Shimano Cennan is unbelievably nice and a scream @ $110.
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
Again 1-pc, but 7', $80. I own several Convergence rods, light & nice to handle.
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
Model CVC-F70HA
Spinning???
1-pc Musky on sale $50
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
http://www.cabelas.com/cabelas/en/te...233&hasJS=true
Pretty much everything else is lighter lure weights, 1-pc & higher than your budget. Berkley has a line of 'Cobalt" rods that might fit. I've only seen them @ BPS.
I tried to keep it all Cablea-available as this is a Cab's site, but... They sold off the models I think are fantastic, except for the FEII & Cennan, which fit your price-range.
Have Fun!