1. 3 wt allows you to do more. You can throw an indicator on if you want. I have a 10'6'' 3 wt and feel it should have no problem with most Alberta fish. Next rod will probably be a 2 wt for Crow, etc. Euro rods are designed with a soft tip, but very strong but section to handle larger fish.
2. Any reel is fine. Larger is usually better to balance out your rig. Most look for a 5 wt reel for a 3 wt euro rod. For line, you can go as simple as the mono rig right down to a specific euro nymph line. I go in between and use a rio Euro Nymph Shorty. Just attached it to the end of my fly line then added a euro nymph leader and good to go.
3. TFO stealth should be good. Never used it but it's designed for Euro nymphing.
If there's big fish in the water, you can get them Euro Nymphing...it's not a small fish game.
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