I ordered several of these and Les asked that I post pictures. I ordered a 1/2 wt, 2/3 wt and a 3/4 wt for $20 each. The 2/3 wt is on back order.

The 1/2 wt weighs 2.2 oz and has a limited line capacity. I loaded it with 40 ft of 50lb Dacron Braid which weighs about 80 grains/30 ft.; normal 2 wt line won't fit on the reel.
The 3/4 wt weighs 3.3 oz and I loaded it with 33ft of wf 2 wt line and attached another 40ft of the 50lb braid for longer casts and back up.

Both reels balanced a 6ft 2 wt (TFO 2 Piece) rod with the 1/2 a better balance but the 3/4 acceptable.

The reels do not have quick releases for the arbors; the arbors screw off. There are only 3 pieces as shown in the below pictures, the frame, arbor and nut that holds the arbor.
The pictures of the reels disassembled are all of the 3/4.

Yes, decently smooth for general line pickup. I've used the 3/4 for a couple of hours and didn't note any issues using 2 wt line.
I need to evaluate the reel when using 15 lb Amnesia running line. That thin mono will find cracks and crevices so that could be problematic application for the reel. But I am happy with the reel for what I needed it for: a reel that balances the TFO 6ft 2 wt rod and the 3/4 works for that.
I returned the 1/2 wt reel because of the lack of line capacity.