The 400 single speed Valiant is a perfect light live bait reel, it has plenty of line capacity of braid and mono if needed and has a light spool which is great for flylining bait. It's a good all around size since despite its light weight and small size it puts out a ton of drag so it can be used to cast some of the bait replacement jigs like the Daiwa Zakana or Nomad Ridgeback LC.

I use the same size to cast 4-5oz jigs when targeting yellowtail and so far it hasn't let me down, it is plenty capable of landing 30-40lb yellowtail all day long.