My take, find yourself a used penn 30W II. They can be found used for under $300 in good shape. Then take it to a pro to have it clean and service if you can't do it yourself.
Now about drags and offshore fishing.
65lb line, the most you want to set the drag at is around 17 lbs pull. Reason is that the more line one has out, the more the drag will increase.
As far as a two speed for snapper, WTF? You got to be kidding.
Grouper, yes due to deep dropping.