I also have the 320 GTis. Instead of using 20 lb. mono, I spooled them w/ 200 yds. of 30 lb. Fireline and mono backing. I only use them for trolling in the mid-Chesapeake Bay and while I have yet to hook a monster on them, nothing that swims the water I fish is strong enough to burn the drags or spool me. I have them mounted on Penn Senator 20-40 lb. rods. Makes for a very nice combo.
Another option is Penn Special Senator series 112H 3/0 and 113H 4/0 (if you don't need the levelwind). Both are proven workhorses and if maintained properly, will last forever. My 6/0 114Hs rule!!! Bump up your budget a bit or search ebay and get a Shimano TLD 25 ($180). Smooth as silk operation and an awesome lever drag. Of all the conventional reels I have, this one is my favorite. It loves to catch big stripers in the late fall and I used it extensively offshore for Mahi, Tuna and Marlin. Sorry, I'm starting to stray....
My two nicest spinning outfits are a Penn 5500SS mouted on a 6' med-heavy Ugly Stick w/ 30 lb. Fireline and a Penn 4500SS on a 5'6" med Ugly Stick w/ 20 lb. Fireline. Both are extremely smooth and with the Fireline, very sensitive. Great for flounder. I've taken stripers to 36" on the 5'6" with an older Shimano reel (now toasted from those fish). Had to finesse them a little but hey, that's part of the fun.
Tidester, you think that Wahoo smoked your 330, I almost had one hooked up on my 5500 while chunking for Tuna off of Ocean City, MD last summer. We saw the fish (looked every bit of 50 lbs.) cruise through our chunks. I grabbed the spinner, which I had already rigged in case we saw some Mahi-Mahi and pitched it to him. I guess he could see the 50 lb. fluorocarbon leader I was rigged with cause he wouldn't touch it. I rigged up a tuna trap w/ 30 lb. fluoro and a wire leader, got him to take it a few times but he would spit it out before the circle hook could do it's thing. Man, would that have been fun!!!!
Anyway, Tidester is right. Determine what species you are going to fish for and the methods you intend to employ, then make your equipment decision.
Good luck.
Don't forget a camera to post pics of your catches!
http://userpages.umbc.edu/~bmille4/sirreel/index.html
[This message was edited by gw204 on 01-23-03 at 08:58 AM.]