For the smaller lighter spey rods I like the Ross BG series reels. I have used the 4 and the 5 with short bellylines on them like the RIO WC. You cant pack a lot of backing on them but they definitely seem to work and balance the rods as well!
Andre, I assume people are recommending the Litespeed 3.5. I've got one on a 8 wt spey, balances beautifully. Hey, just noticed that Sierratradingpost.com has some Hardy JLHs on sale, in 7, 8, and salmon. Very nice, simple reels, 30% off.
Look at the very inexpensive ($50-$60) composit reel from Scientific Anglers Concept 2 LA (large arbor) 7-9. This reel spools up to a windcutter 678 with 100 yds backing. I find it ideal for small spey rods size 4 thru 7 that my clients use.
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