Hey Dopey,
In addition to my previous post.
The Loop Evotec LW 8eleven retails for $495 US. With your $450 budget in mind...I'd give this reel some serious consideration. Just a tip from a Spey newbie like you.
I'd focus on rod/lines, and then reel. Understanding all the different Spey lines/rods turn into my top priority after I struggled with all the confusion and made a few bad purchases. From a rod perspective, my advice would to start out with a winter rod and commit yourself to fully understanding Spey lines, heads, and sink tips. Once your on track with a winter Spey rig, and your budget allows.....I'd check out the versatile switch rod for a summer Spey rig. Once your switch goes off with a switch rod.....it's a must have rig. I live in the Puget Sound region(Seattle) and the switch rod gives me a plethora of legitimate salt water opportunities as well.
I'd call John with Swede's, Mike Kinney, George Cook with Sage, Poppy's Red Shed, Lani Waller with Worldwide Angling, Dale Dennis-NF Stilly, Brett Wedeking with Creekside Angling, Brita Fordice/Ryan Smith with Avid Angler, Bamboo Bob in BC, Hannah Belford with Damdochax River Lodge, John/Amy Hazel of Deschutes Angling, Jeff Wilson with Loop/Castaway. The Spey way experts mentioned above all have different views on Spey rigs and I've communicated with them all on this confusing subject for over two years. In my opinion, they are ALL correct, but ALL very different. This may sound confusing, but I believe all their opinions are valid and correct. Google their names and respective shops. You'll find a treasure chest of sage advice and their contact information. Then, I'd pick up the phone and call them. Grill the experts mentioned above with rod, and line questions based on your seasonality preference and specific rivers, and lakes.
I would make it a personal goal to demystify what's best for you and avoid the Spey Coocoo's Nest that I experience for over 2 years. It will take a little time and effort, but it's worth it. Don't stumble around for two years like I did. Go straight to the experts mentioned above and I would also purchase Dec Hogan's book....The Passion for Steelhead.
My stumbling around on this subject for two years is "Reel World Experience" and I hope you avoid potential frustration with my advice.
Good luck with your challenge and have fun with it.
Todd.