I have a Daiwa TD Luna 253 and I have it set up for inshore fishing. 40# braid (easier to tie knots) and anywhere from 12# to 20# top shots. Works good. But if I had the money for a Shimano Calcutta TE, I'd go there.
Before I added the power handle.....flinging live bait with magnetic cast control is the chitz. The 300 doesnt have cast control....just buy a saltist level wind, really.