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I have seen the retrax in person, but I did not give it my full attention. Pace edwards has the best installation of any rollup I have done. I have only had pace edwards, the orignal 7 years ago and my new truck has the bedlocker. Very nice covers.
I too have Peragon and like the product. It locks and I have spray on liner (line X) in the bed also. Check out my gallery for pix. I installed it in 2003 and had only one problem since. Someone forced their way past the lock and I had to re-rivet the first panel with the lock on it so it works again. Took maybe 20 mins but then again, I had a riveter and the right size rivets. That was last year. BTW, Peragon will sell a new panel for about $65 if needed.
My Retrax is now 5 years old and I have had it on 2 trucks. Looks and more importantly works as well today as the day I installed it.
Install was easy. Keeps 99.9 percent of the water out. No problems with it at all - that includes no oiling of parts.
I also like it cause I can lock it anywhere I want to along the track. Great for keeping things in the front of the bed dry while towing a 5th wheel. I just lock it 6" in front of the hitch.