Papa, upon inspection of the Wisconsin Dangler, true, it's a great design.
I'm probably wrong as usual in calling it a "pivoting rod holder".
When something pulls it down and releases it, it returns to the balance point, so, well, I'll stop with that.
The link above your post is a true tip down. When it goes down, it stays down. A bread sack tie will trip it, giving "FREE" line with zero haul back.
Here'tiz :