I would recommend Sage spectrum water 5-weight Fly Reel. It’s lightweight, works exceptionally well for the price. The Sage Spectrum also features a large arbor. This is going to help you reel in fish quicker and will result in less lost trout, bass, red drum, or any other species you plan on targeting.
Here is also I have reviewed on 5 Best Fly Reels Under $200:
https://sensiblefishing.com/best-fly-reels-under-200/