Gday mate! Long time no speak
For that money, you can get yourself a Shimano Symetre. (Should be about $120) They are a fantastic reel, and cannot recommend them enough. Really nice drag on them, and are really smooth when winding. I've got 3 of these in the 1500 size if you wanna come over for a beer and have a look at them.
There would also be some nice Daiwa's around that price, but I've never had really used Daiwa, so someone else will be able to suggest them.
Catch up with you soon.
Dan