Hey oz pomy,I have a shimano tekota 700 have had it for atleast 5 years now not a thing wrong with it, havent heard anything about them crapping themselves after that time and I work in a tackle store so I think I would of heard if that was the case.Your right about the abu not being built in Sweeden anymore and havent been for sometime now, still pretty much the same reel enginered in Sweeden assembled in China like most things these days.Tekota 700 would still be overkill for snapper you could drop down a few sizes to either a 500 or 600 and comfortably fish for reds of any jetty even wally.