Re: Lamson Litespeed 2??
The problem with a wide, shallow spool is that too much line can build up in one place and bind against the reel cage if you're not paying attention to how the line is distributed onto the spool as you wind it in. This is not much of a problem with small fish that you would typically not play from the reel in any event. However, when playing a bigger fish from the reel and retrieving line with the reel, it can be a buzzkill to bring him to within 10 or 20 feet from the net after a long fight and then have your reel bind up because your line is jammed in the cage.
Then again, I've got 3 Litespeeds and 4 Velocities, so it's not necessarily a dealbreaker, just something to be aware of.