Thanks for clarifying. I have a better idea now of the system you envision, but pictures are always welcome.
A directory of sorts for the components and mechanisms we are referring to in this thread may be a valuable addition for people like me who are unfamiliar, so I’ve taken a shot at it below. Admittedly, I haven’t worked with these principals in depth before, so please correct and append me if needed, I’ll edit with time.

Spring Reels
are probably most commonly known for most retractable cables, hoses, and cords. They come in many types, sizes, and load ratings for different applications. Using a constant force spring, the reel is always under force retracting the line. There must be a resistant force (typically weight or a physical endstop) that prevents the spring from completely unwinding. Additional reading on these can be found from a manufacture at Hunter Spring and Reel Co.
Spools are simply cylinders which lines can be wound around. Spools usually include a bore through the center for use as a reel, but is not required.
Reels are spools with the inclusion of a bearing for rotation. Referring to a reel would usually imply that the spinning and winding mechanisms are included, and the reel only needs to be mounted for use.
Pulley is simply a wheel mounted on an axle used to redirect the load on a line or guide a taut line.
Sheaves are a style of pulley known for their grooved wheel that guides the line into place within the pulley.
Block and Tackle is a pulley system to use mechanical advantage on a load. Multiple pulleys or sheaves freely rotating on the same axle comprise a block. Two blocks, with the line attached to one and threaded through the other (potentially multiple times) create a block and tackle system.
Level-Wind is a mechanism used to even and orderly lay a line onto a reel. Level winds distribute the line across the traverse a level winding on Depending on the use (measuring line with motor encoders), level winding is needed to achieve a consistent length of line being wound per revolution.
Capstans, defined simply, are used for winding in a line. This was a new word for me, and most resources I found refer to the nautical origins of the word. Capstans on ships use
vertical cylindrical posts used to mechanically wind in a line, originally by the use of levers and mechanical advantage. There are different styles of capstans-- they be fixed or holding (ratcheting, one direction only). More readings, as well as the mathematics used to find the holding force of a flexible line around a capstan can be read about here
Capstan Equation
Windlass is listed prominently alongside most nautical material concerning capstans. Windlasses are also used to wind in a line. The biggest defining difference is that windlasses are oriented on the horizontal axis. Both capstans and windlasses traditionally relied on man power for operation.
Winches are modernly synonymous to the windlass, being oriented on the horizontal axis. Winches are assumed to be operated by electrical, hydraulic, or pneumatic means.
I believe using two spring reels connected in series is still a possibility for our application. I don’t see spring-reels commonly used in the way necessary for our particular use, but it should be able to be done. I’ll have to draw it out or get some parts in front of me to prove it. It may have been a silly implementation on your part, but still a very valid line of thinking to solve our problem. It may lead others to more ideas and that is useful in itself. Your spring loaded block and tackle system can also be used to store and tension the excess line-- really worth looking into. I agree that the tension doesn’t matter as much as long as the lowest anticipated tension isn’t too low. In principal it works using the same as two series-connected spring reels.
I’m not sure the best way to achieve it, but for measuring we have some great ideas in this thread.
M.P.