Here's the setup I used. Worked as expected for me. I know you're probably dazzled with the workmanship of my tensioner - I improvised it many years ago and it's always worked, so I've never made a nice one. I keep a glove on my left hand* just to guide the wire out of the box, but tension is exclusively provided by the pinch plate. Lathe set up for LH thread (because I didn't cross-drill the mandrel, so it was easiest to insert the wire in one of the slots in the collet - but I've done it both ways).
GsT
*The glove does not present a hazard because I never turn the lathe on. Big springs go so quick I just manually turn the chuck. Gearing is so low it doesn't unwind. I wind smaller springs under power, but I don't feed those from the box.