I use a Berkley Lightning in a medium heavy action and 5' 6" long. For baitcaster I use the Shimano Cruzar CRZ 100. I have an older Shimano Bantam that I liked for many years, but couldn't remove the spool from the reel. That is essential if you need to deal with a backlash or want to switch lines to match the fishing.
I have always used Berkley Trilene mono on my baitcasters but with some of the posts I am reading and past problems with line memory leading to backlashes, I have decided to try Berkley Fireline this season. Just put 14 lb test on it the other day.
You could get a set-up like this for around $150 US.