I'm in the process of changing out line on all my offshore reels as well. Have you considered using one of the newer braids like Power Pro or Calcutta? You can put a lot backing on the spool with those rather than with dacron. The rest of your setup will vary with what you're fishing for.
Here's how I have things set up.
Trolling - 80lb Power Pro backing, 150 yds of 80lb mono.
Bottom Fishing - 80lb Power Pro tied directly to the swivel.
Drift/Chunk - 80lb Power Pro backing, 150 yds of 80lb mono then 25 yds of 50-80lb flurocarbon.
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