I've got 3 baitcasters right now, a Shimano Calcutta 251, a Quantum Cabo PTS31, and a Daiwa Megaforce MF100TSHL. Of the three reels, the Megaforce is the cheapest by far at $60USD at BPS. I've been using this reel for 2 months now and I cant say enough good things about it. Havent used it for pike, but I have caught plenty off smallmouth bass and its been great.
As a first baitcast I definetly reccomend this reel, it is the easiest baitcaster I have ever used and is an incredible deal for $60. I had it paired with a Berkly Lightining stick and together they cost just over $100. I honestly believe that you couldnt get a better baitcast combo for the price.
If the quality of this Daiwa is any indication of teh quality that Diawa makes, then I'll 100% be buying a Daiwa again.