Tension-sensing devices can be as simple as the AVASK failsafe, which uses a spring-loader roller to actuate a microswitch when tension builds. The disadvantage is that even if the projector is shut down immediately, it's inertia will make it take some time to "coast" to a stop, possibly damaging a few feet of film.
Another approach is to mount a weighted or spring-loaded roller on a rail or "trolley" attached to the platter column. The film is threaded over this roller, and if tension builds, the roller starts to get pulled up, actuating a microswitch or magnetic proximity switch. Because there is some slack in the loop around the roller, the projector can coast to a safe stop:
http://www.neumade.com/platters.html
http://www.film-tech.com/manuals/ALPHAOPERATION.pdf
The Kelmar "Film Chopper" used a spring-loaded scissor blade to cleanly cut the film if tension became excessive, the thought being that it was better to have a clean cut that could be easily spliced, rather than loosing a length of film to stretching or ripped perforations.
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John P. Pytlak, Senior Technical Specialist
Worldwide Technical Services, Entertainment Imaging
Research Labs, Building 69, Room 7525A
Rochester, New York, 14650-1922 USA
Tel: 716-477-5325 Cell: 716-781-4036 Fax: 716-722-7243
E-Mail: john.pytlak@kodak.com
Web site: http://www.kodak.com/go/motion