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I recommend silicone tape over electrical. http://www.midsunspecialtyproducts.com/tommy/default.htm
I tape over the heat shrink, and the best tape option is Hockey tape...it is meant to add grip and to be use on ice...what more can you ask for
Just seems funny to me that you spend $50 on a nice st. croix and u gotta tape the reel on! i just use the cheap ones or maybe some zipties.