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Correct in both analyses, you might need them but I don't and some of my 6 must be 8 years old at least. They get used very heavily.
@adroit, they don't need anything initially, but the spigots on my 40 year old fly rod need candle wax due to age. Overfit joints on the other hand should never need anything, but will jam if put together too forcefully.
The one place I always use top-end reels is offshore, because of the pressure they're under anything mediocre will pack up.
yeah fair play! think it just has slightly better materials / less plastic