Jason, Got the bug now buddy!
45# is about perfect bud. Any more than that an it just makes it harder to pull arrows out of the mud, or smash tips more on missed shots.
K-Mag is a great choice as well, nice and short.
As far as reels, after using the old school type for years. I switched to an AMS 4 years ago and have never looked back!
Spincast types are the fastest to reel in I'd bet, and would also be a great choice.
Mark Land of Muzzy put a alot of knowledge into the newest Muzzy spincast reel. I'd buy one in a heartbeat!