I m a Martin guy. I m at the point now where buying a different type of reel means replacing about a half dozen spools. Too much work and money for me. For a few bucks more you can probably get a Scientific Anglers reel. Mike has one and seems to like it.
Waders are a personal thing.
I like Redball nylon waders. The one draw back is that they do not breath and moisture tends to build up inside due to perspiration. Neoprene waders work well and keep you warm. If you rent waders, you ll probably get this type. They also do not breath.