Afternoon "Dokterhoo".....yup it's a 4" narrow drum Aerial
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Yes it is what you suspect, if I had to live with just one Aerial this would be the one. Super reel and casts beautifully. It came my way a few years ago now after being in a draw since the 80s, it wasn't a "car boot find" for sure but still happy to take the plunge on it. It will go to the grave with me. Wallis casts a treat, I can spend hours whacking a spinner out on the Trent with this reel just for the joy using it. I've put some backing line on to increase the diameter of the drum and that helps with the line retrieval.
On the Aerial front....David Brown makes super Aerials, I purchased a 3 1/2" Double ventilated Aerial last year and it's a super reel, superbly made and casts very well. For a more affordable Aerial David makes real gems. Very much recommend them for modern pins.
The rod is super. It was at it's limits really with that barbel but if you use the full action it's not in major danger of a set. Plus Andrew tempers the cane properly. The rod is still in A1 knick and happily sprung back after a testing fish. Due to the action of the rod you can cast a 1SSG or 2SSG with a meat ball sized piece of meat quite some distance. If distance is required that is.
Cheerio