Re: Saltwater reel
RipTide, you beat me to it. I have 3 Medalists that I have used in the salt and one of the Old SA reels that was made by Hardy. I prefer the Medalists and they will take the salt much better than the old "Hardy" too. I have not modified the 'drag' but one of these days I may regret it. 2 of the Medalists are the newer 1500 series models that have the exposed rim so the other drag modification is not really needed.
To answer the original posted question, I believe that many freshwater reels will work for intercoastal salt with proper maintaince. Salty models just need less care and some have better drags.