I use an Abu Garcia Ambassadeur 5500 for most of my bass fishing. I got mine used for around $45 (looked brand new), but I think they're only like $75 new. Absolutely amazing reel for bass fishing*. I know that there are better and more expensive reels out there, but personally, the 5500 is smooth, and extremely durable for me. After having gotten used to it, I also have come to prefer the simplicity of the round reel over the low profile ones.
* I say for bass fishing because it throws any lures I'd use for bass excellently. Unfortunately as btmidwest mentioned, they're not good for lighter stuff. When I throw light panfish jigs and such I just go back to a cheapo spincast as I can't stand spinning reels.