I grew up using Zebco 202's and Johnson Century reels. Modern reel designs have over shadowed most of those oldies-but-goodies. (I still have a couple of the old Centurys kicking around here somewhere!) The inherent design of the closed face spinning reel has lead to it's wane in recent years. It cannot be relied upon to quickly set the bail pin and bring the line tight quick enough. Instant line pick up is paramount with most presentations these days.
Also, instant anti-reverse is not a usual feature of the closed face design, even with the modern models still being offered today. Add the nagging propensity toward line slipping under the bail pin cup and getting tangled there! (Wish I had a nickle for every time that happened!) With these reels you have too many not-too-desirable reel performance issues to deal with. There are just too many quality, in-expensive, open face spinning reels to choose from, which make them far superior, in my opinion.
Nothing wrong with using them; just why accept the grief that goes with it, when there are so many better alternatives!
"A voyage in search of knowledge need never abandon the spirit of adventure."