What makes a fly reel worth the money?

I RECEIVED THIS EMAIL THE OTHER DAY FROM MY GOOD FRIEND BRIAN BOGGS. "Louis, I'm looking for the right four-wt reel. I am of a mind to shop the low end for reels since I don't catch large fish that need to be fought on the reel. Is there any reason to not just buy a cheapie and get on with the fishing? How much difference...

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