|Note: all comments refer to the Australian version.|
I've owned a 726R for a year now, and it's a lovely radio. Vintage around 1986, somewhat large and heavy, built like a tank, reliable and stable. Audio reports are good, the receiver is reasonably sensitive and it's a delight to use once you get the hang of the layout. All the controls feel positive and there are switches for everything (none of the "function-this" and "function-that" garbage). (I *detest* menu/function-driven radios!)
I haven't had a single hint of a problem with this radio. It gives the impression of lasting forever. Of course, this all depends on how it's been looked after. Mine was obviously pre-loved.
If you are a newbie, don't expect the hopeless operating manual to teach you how to drive it. (I was a relative newbie, and the manual confused the heck out of me.) Ask an experienced friend instead. A couple of beers should do it.
Mine has the 6M, 2M and 70cm modules, plus the crossband satellite module installed. Note that all modules except 2M were optional! It has SO-239 sockets for 6M and 2M, and a N-type for 70cm antennas. Having separate output and alc meters is a joy. The front panel has (among other things) a speech processor, clarifier, shift and width controls, as well as switches for AGC fast, CW narrow and a noise blanker. (I've never used it). You can tune using the VFO, or on FM, a "channel" knob. Power is via mains or 13.8VDC. Speaker outputs and a record output are provided, as well as PTT, KEY input and control outputs for external amplifiers. The fluorescent display indicates memory channel (0-9), frequency, clarifier offset and error conditions, (eg wrong
offset for band segment). Scanning is continuous or by memory channel. Memory channels store frequency, mode and USB/LSB (but not +/- repeater offset).
Okay, it's not (quite) perfect. The few (minor) niggles I have about it are its low power output (10W on all bands), its inability to store offset
direction in memory (that's what you get with switches) and a stupid RED LED indicating "channel switched" FM. This is a really dumb thing, because you see, if you switch to reverse on duplex, another red light comes on to warn you, but because there is already another red light on, you don't notice it. Many's the time I've found myself TXing on the reverse. This would be
easy to fix, of course, by simply replacing the FM-CH LED with a different colour.
OTOH, if that's the worst I can come up with after a year of operating the rig, then you probably get the idea. I love using this radio, and recommend it highly. If you get hold of a good example, you're unlikely to want to part with it.
But before you buy, ensure it has the modules you want installed, because some are becoming difficult to find.