Until 7 years ago, I always used a couple of Japanese Pflueger knock-offs:
Olympia reels. I then bought a Ross Gunnison, and finally thought I was in
heaven with Okuma SLV large arbors/ The SLV's retrieval rate was phenemonal compared to standard arbor reels, and the spool's bearings
are incredibly smooth. All of these reels were used on 5, 6, and 7 wt rods.
I tried an SLV 4/5 on my 7'6" 4wt, and it felt way too heavy. I had been
using a plastic Crystal River reel for 4wts, and it weighs 3.6 oz. That reel
has wroked dandy for about 4-5 years, but I needed something a bit more
, so I bought an Orvis BBS. It combines low weight (which
I can definitely feel), and reasonable price. The retrieval rate isn't even
close to LA reels, but I rarely cast more than 40' with the 7'6" rods.
Put me in the "Both" column