Revenge makes a really nice spinner bait in the $7-8 range. They also have 2 versions of each spinner. Standard and deep runner. I like the deep runners because you can slow roll them and kepp them where you want them. Also Nichols makes some really good blades too, but they can be a little pricey depending where you go. Lot's of different color and blade combos.

I would also say to try a reel with a 5:1 gear ratio to aid you in keeping the blade down and slowing it down. I have not used a Loomis spinner bait rod but I use my CBR847 for 1/2 ounce blades and I like it. So good luck!!

If you have questions about blade combos and what to use in what conditions there is a good article on www.bassdozer.com talking about what blades do what and how certain ones work with each other. Good article I recommend it!