I don't have any feedback to provide for the Daiwa reel you mentioned but you might like to investigate the Abu Revo range. They will fall into budget and are great for bass, yellas, cod etc. I have had my SX for a couple of years now without issue and I am in the process of purchasing the new STX to go with it. They're cheaper than my chronarch but perform well above their pricetag. Good luck with your new purchase.
Cheers
Hodgey