Oh that reel is like over 20 yrs old maybe 25 yrs old.

and still works very well.
My other two most used set ups are bait casting set ups.
St. Croix Legend 6' Medium power F with Shimano Metanium MG7
St. Croix Lengend 6'8" Medium power XF with Shimano Metanium MG7
Both are over 15 yrs old combo's maybe close to 20 yrs old as well. Secretly I still haven't change the braid lines on them.
These two combo's were sort of my learning baitcasting period. Almost trouble free. I had tried cheaper set ups afterwards and learn to appreciate the more expensive stuff for it's performance and precision. Yes I have and Ugly Stick bait casting combo too. The disasters with that would swear people to quit fishing. By mastering that, everything else is easier. By today's standards of better manufacturing, even mid tier equipment are very good from what I've heard.
If you use sharp hooks like Owner brands, almost never even need a hook set. Even when hook set has become akin to fishing. Just want to pull the fish in and show them who's boss. Plus it's better to get the hook out of the bait and into the fish's jaw.