Right on! Such great staff there. That souunds reasonable. Even though the reel seems to have less drag than factory specs, it more than likely has ENOUGH drag "left" to handle your average fish. Most of the time when my I'm fishing my drag is, I dunno, maybe 2/3rds or so as tight as it will go.
FYI you will likely have to pay a small ($20ish my guess) fee for them to sent the reel to Shimano, but surely less than taking it to a shop and paying them parts + labor. This is typical for most warranty claims on rods etc there is a flat fee for claims. I busted a fly rod this summer (my fault) and is was a $40 fee and in a month I got a new rod. Pretty fair IMO.
Also, in the event you don't know ALWAYS back your drag right off on any reel after a days fishing. I do this on my fly reel, everything. Not good for the drag washers to sit for days...weeks...months being compressed.
Lemme know how you like the 201. Now you kind of have me thinking of buying one as I LOVE the pervious generation Calcutta B reels but you can't get the 400 series in LH
The 200/201 I reckon would be a good reel for steelhead paired with a lighter salmon rod. My Curado 301E balances awesome on my lighted 10"6 med power salmon rod. On the beefier 11"6 med/heavy the reel is too light and I have to use the Cardiff 401.
If you have some more $ burning a hole in your pocket consider a CurradoE in 201 or 301. Don't even consider the G series they are crap. Abu Garcia Record (RCN 6601-HC) with the higher capacity spool also awesome and under $200. G/F fished one all salmon season and it worked flawlessly and hauled in MANY big arse salmon. I tried it out a few times and yup, it rocks.