Welcome to the the room. IM not the greatest striper guy, BUT! Line color, I use mono, 20# test, Okuma reels, I have two set up with 30# test.
Bait, kinda depends where your fishing, BUT, live eels and herring, chunk bunker and herring, also blood and sand worms (IM not to big on these). I like to troll, Boated 6 this weekend, all trolling. Other guys will pipe in. I've learned a ton of stuff from these guys. Just keep reading and asking. Good luck.