Pros: tough, light, strong, distance
Cons: limited to 3/8 - 1oz lures. i wouldn't try this on 20+ pound fish
I got an older 5600 C4 Mag on Ebay. It is my everyday reel for lightweight inshore lure casting. I have used it for an entire year already.
I can cast 1/2oz to 1oz lures with confidence and distance. The gear ratio is faster than a 5600 C3. This reel has zero centrifugal brakes. But it has an added magtrax brakes (magnetic) which helps with the wind, non-aerodynamic lures like plugs, and spool speed. It is still not dummy-proof in terms of backlashes. My reel also does not have the new carbontex drags.
I had it paired up with a 6'6" MH, medium action rod. And I now have it on a 7' M, medium action rod. This combo is for casting crankbaits for stripers.
It is a light reel for constant casting. I can cast this all day. It has simple parts that can take sand on the beach and you can open it up to work on it easily (even on the field). It holds about 150 yards of 12#. I use 12# or 14#. 10# works but I haven't tried it. In Brackish to salt water, I see no corrosion so far.
My luck wasn't great last year with this reel but I managed to catch/foul-hook a couple of medium-sized batrays, each about 10-20#s. These are really strong fish with long runs. The drags hold up fine. Also caught a dozen schoolie stripers to 24".
The thumb bar had a few problems on arrival. It didn't disengage. But I managed to fix it on my own. (And though I lost some parts, I was able to order them quickly.) But the thumb bar helps when you want to fire off 5 casts per minute. Sometimes I will press it down inadvertently but its no problem. I would get a 5500 if I had a chance because it has a push button instead of the thumb bar.
I was so satisfied with this reel, I went out and got a 6600 C5 Mag. That reel is sweet for bigger tackle.