The one i know is used in a steady rest.
A tube you slip over the workpiece that is secured to the work with bolts around the works circumference.
Very useful if something is way out of round.
It can be used to center the work accurately while you turn down one end.
Wa5cab-I'm with you on the description. I have only heard it used on shrimp boats where a motor(hyd in this instance) is rotating an open spool that line(rope or cable) is looped around to assist in pulling.
I can not address the 2nd part of question.
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