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great topic
i have been a reel junky for some time , i class all these reels as bench hand made reels , there is nothing any finer , and in truth all we need for fishing is a cheep reel that would cost no more then a couple hundred bucks , but we all don't have the same size wallets , some are thinker then others , the ? was do them 2 reels compare , i have had the billenger/ Saracione , i'll not own another , now when you talk about the very best saracione , thats a really good classic reel and always fetchs over the 1000 to 1500 , and i don't think it is as good or as nice as the Janciuras reel , yet it don't cost as much also ,

saracione, bogdans , hermanns , peeless , godfreys all good reels , and they don't cost as much as the janciuras reel , his reel is priced i think about right for what your getting , most wonderfull reel i have ever held in my hands , and i also think alot better then the ones made years ago , i have held all them reels and even got to use a couple of them for trying out

his will never hold the value of the correct orignal reel , that just happens with all makes of reels , put his new one on a table with a brand new old orignal VH and i'll grab the old one for a value to collect , yet to fish i would grab his if my wallet was as thick as most of yours ,

IMHO after having my hands on most of these reels that your all talking about , the best one that i like and i hope you guys don't jump on me as again just my opinion ,

is the M Noel in his new 150 trout model , i just got 2 of them after a forum member sent me his to look at and check it out , his reels are just wonderfull and super smooth drag , now even if it's a copy of the bogdan drag , his drag is in a trout reel and stans reels are bigger to get that drag , is it overkill , yes maybe , but when your passing out money why not get the best for your buck ,

one i had made up a extra 1/4 inch wider as i like the wide drum reels , the other went to a forum member which he is still drooling down his shirt front ,

if my wallet was very think then yes i'd buy a janciuras reel , as it is not that thick then imho again , best bang for your buck on these classic bench made reels is hands down the new noel 150 trout reel , you'll never beleave how well they are made and put togeather ,

here is his website , great guy to chat with , some of the dealer sites will carry them for $1500 to $2000 , if you call him yourself and chat with him he will treat you very good , have a look at the 150 trout reel and look at the drag system in the reel , he'll also do just about whatever you want for a reel , i had mine open up a little wider , i can't say enough about his reels and they are just very well made reels , he uses delrin for the side plates and have a look at what he makes his frames out of , you never got to worry about scratches on it , the drag system is about as good as you can get IMHO and it's the same kind of system as his big salmon and steelhead reels and bogdans have the same kind of drag system , just not in a trout reel , this drag in a trout reel is very smooth and if you do need a little extra power for a big fish , it's in it to do it ,

http://pages.infinit.net/noelreel/index.html