i've checked with my old ctm, same shape and style reel but older and no rear drag
the pins on mine stay out all the time till
i press the centre release button,i can wind back wards and fowards even backwind with or without pressure.
now the new models maywell have a special
system where the pins are phased in time to the handles rotation.
doesn't sound quite right to me though i'd
thought it would make more sense to leave the pins out all the time like the older reels,i'd take the bell cap off and look inside at the pin mechanism.
take the bell housing shield off,smack the
bell cap with the palm of your hand and grip the sides with your fingers and lift off in one movement to reveal the pins down
inside the cap , make sure they both move
freely in their slots.
on the reel there should be a brass drive
flange (which locates between the pins in the cap)beneath this is the cam-wheel(which is sprung loaded)with a raised elliptical section which pushes the pins out when engaged.
sometimes the bell housing doesn't always
sit right when refitted giving rise to some
odd faults like improper operation of the
pins and lopsided rotation,i always check
mine before i start fishing as its easily
done
refit the bell housing cap by compressing the pin release button and gripping the sides and pushing it back onto the spindle
it may require a slight twist to get it to drop into place and release the button but
still holding the sides give it a quick wobble to make sure its seated properly then turn the handle to engage the pins then you can repeatedly engage and then disengage the pins by pressing the button and turning the handle a few times in either direction to check for there proper operation.the pins should be engaged with just a few degrees turn of the handle.
i now this is based on an older model but it maybe of use as a guide,i hope this is of some help.
steve
(
http://www.angelfire.com/sd2/chavender )