|I have a penn captiva, without the baitrunner feature. Although it is missing the BR, everything else is basically the same. The reel is smooth, but thats it. Overall my opinion is junk, and I regret buying it. The paint began to flake and chip off after two trips!
I have also been interested in a bait feeder reel, particularly a larger reel. The options available aren't the best. The old shimanos are the most durable, but pricy, and heavy, and old fashioned. Okuma in general is cheap-o, but the ABF(avenger bait feeder) series are proven, and the large reels can handle as big a fish as you can hook. You can't beat the price, and they will last if properly used. CayucosJack used the ABF for years landing PLENTY of large shark and rays. I can't seem to find the perfect BR, but that would be my first choice. OR you can stick with conventional reels, with freespool and clicker.
There is also another BF that has gotten good reviews, and is priced in between the shimano and okuma. I think its from cabelas. Not sure if its a salt striker, or another model. Sin Coast has one I believe, maybe he can chip in.