Hi Slewwater and welcome to the forum.
Nice rod to pick up in a sale
Whilst you will get loads of advice on this forum and we have more than a few members from the States, you could also try the sister forum in the states - flyforums.com where no doubt you will get advice more specific for the States. You should be able to use your screename and password to login
250 £s or $s will get you a very nice reel indeed. Sunkistbob on here sells some very nice ones, but postage may be an issue.
Your question could be posted in "Tackle Talk" but might be more visible in General Discussion.
The best money that you can spend is to go and get a casting lesson or two from a qualified professional and get his/her advice on tackle. In the absence of an experienced friend, a days guided fishing might also be money well spent and will save a lot of frustration.
Tight lines.