RE: bowfishing reel?
Either the retriever or a closed face reel like a zebco will work well.
If you wan tto really save some bucks, you can buy a hand-wound drum that you put the string on by hand, but they are way slow. It was good enough for me for the first 15 years, but now that I've tried the reels, I've found that hand-winding is not the way to go.