Please don't think you have to join the Heilos 2 club just to fit in. The name brand does not make the Fly Fisher, only practice does.
When looking for that set up I want to add on to GFen's comments. The reel does hold the line and provides balance. good balance of the set up will keep your arm from getting tired out. Reels come in three different sizes: Large arbor, Mid arbor and Small arbor. The main difference is in the line coil that happens when your equipment just sits around. coils tend to tangle up more often as the line comes out of the reel and are more visible to the fish when the coil takes shape again on the water. the larger the arbor the less coil and tangle and the less frustration you will have when you have to spend time untangling the line. When testing for the balance your reel should be fully loaded with backing, flyline and leader. I usually use the index finger to test for balance. Just before the grip starts on the rod put your index finger under it, if the rod tip slowly flows upward then the setup is better balanced. And the reel is good for the setup. If it tips up rapidly....Then the setup is unbalanced.
Please do test setups as much as possible before you purchase. If your not to far from Cabelas, Bass pro shop, or Daves Sporting goods- go there and test as much as you can. Also there is the Fly Show in Lancaster coming up March 2, 3. You can test alot of setup there.
If your on a Budget - here is a tip:
Budget Adjuster......At the end of the day I like to take the spare change out of my pocket and toss it in a piggy bank (it is an animal cracker plastic 2 leader bucket). You would be amazed at how much change adds up over several months. My daughter and I turned in one full bucket of change (dimes, nickels, pennies) and there was $240.00+ in there. That took care of one of her Orthodontic payments. Other times I have purchased Flies, Flyboxes, Lines, and even a reel with the amount of change that has been collected. I'm going to let it fill up with Quarters this time and who knows...I might have enough to purchase the Orvis Access by the end of the year.