I think the belt reel idea is mainly euro. I've read some stuff also about them using it for deep grouper but I don't think I'll try it. One possible use if you're towing your float and use a reel on your gun would be to attatch your float to the belt reel and then you could adjust the length w/ the water depth.
I clip my floatline to my belt since I don't like the bouy pulling on the gun and if I ever have to ditch my belt then I can always get it back. If I ever shoot a fish big enough to strip all my shooting line and start towing me then I can clip my floatline to my gun and let'em run. Like Sven mentioned I've hate letting go of my gun and I like reels better than break away systems. Just my 2 cents worth.
Jay
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They that go down to the sea in ships, that do business in great waters; These see the works of the Lord, and his wonders in the deep.Psalms 107, vs. 23-24
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