Thats an awesome plan!
I like new stuff and seeing technology get better, but there is nothing like fixing up an old car or fishing reel and putting it to use! Especially since your grandfather caught fish on that thing.
Last year I bought an old used Penn 501 on a 20# cork wrapped stick, with a wing nut clamp. The guy who owned it before apparently loved fishing but had passed away. Didn't even change the line and took it fishing the next day. Caught a 35# seabass and it took me an hour and a half to fight it out of the kelp. Not bad for $50!
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