I've just got two Okuma Interceptors at 30 each and they seem excellent. Haven't actually used them yet, but others on here have written them up well. Otherwise Tiny (Staffs Angling Supplies - 01785 229800 - discount for MD'ers) does a range of very good reels from a company I can't remember for about the same price.
Its "rumored" that Okuma are also makers of another very well known baitrunner reel for a company who also make gears for push bikes, they realised their reels were selling so well under the other company's name they've released their own under their name.
Iuse two Okuma Dynadrag,about 20 pounds each, i think good reels for the money,anyway its nice to change after they get a bit worn,always something new on the market,and at that price you can afford to do so,
Rear drag just refers to the position of the main drag adjustment.
All fixed spool reels have either front drag or rear drag adjustment.
Whereas a "freespool" system normally allows the spool to rotate by engaging a lever allowing line to be released under minimal tension while the balearm is still engaged.
Turning the reel handle will normally disengage the freespool system allowing the reel to function as a normal fixed spool reel.
Len i can only repeat what everyone else has said "Okuma" superb quality at a fraction of the price of Shimano,
I've a couple of shimano baitrunners and i bought a Ron Thomson carp rod & Okuma Force 50 bait-feeder reel on a deal for 60 and they are both top notch,
have a look at the Okuma you'll not be disappointed,