If you're "losing control" of light line, you likely don't have a reel problem; your issue is quite possibly the guides on your rod.
Many older (or cheaper) rods will have guides never designed to handle the limp characteristics of very small diameter braid. The braid can damage the eyes, providing problems; and even without damage, the eyes are not created with the optimum geometry to overcome "wind knots" that can often occur with small diameter, limp line.
Another $0.02 of advice, worth exactly what you paid for it.