I don't have any personal experience with the code red, but I know several people that have one, and they all wish they would have looked at a different reel, or saved up a bit for a nicer reel. I would save up a little more and get an Curado E7 (one of the best reels I have used). BPS johnny morris signature reels are on sale for $129 now. IMO that is a much better reel than the code red. I have several of these and they are nice, and very durable, and easy to adjust. I also really like the Quantum energy PT's. If you look around you can find one of last years models for around $100 - it is a sweet reel.