I caught my first small snapper on my Penn Live Liner 560L a couple of days ago. Only 41cm, but a nice plate size.
I have to say that the drag was smooth as butter. And the baitrunner drag was consistent as well.
This was the first outing for this new reel, and this is my first reel that isn't a Shimano (apart from the cheap Chinese rubbish).
I get the feeling, and time will tell, that blokes like me who fish close inshore and are catching one or two fish for the table most outings aren't going to have too many problems with this kind and quality of reel. I reckon it would be a different story for guys who are fishing offshore or catching larger pelagics. With the boat that I own, that will never be me. Unless I hook in to one of those sharks that keep biting me off. :-)