I'm designing a counterweight system that lifts a single load (max 55 kg) from above. I've narrowed down what to use to link the load to the counterweight to two options:

1. Timing belt
2. Roller chain

The system will exist in two states: one where the load can freely move in either direction (up or down), and one where it is completely locked in place. This is a simple system. Currently it's only comprised of the load, counterweight, link between the two, the wheel the link runs along, the wheel's shaft, and a locking mechanism for the wheel. I anticipate that the implementation may get more complicated than this, but the primary obstacle I'm facing right now is deciding what to use for the locking mechanism.

I'm considering two options:

1. Pawls
2. Brake pads

I'm leaning towards pawls as they seem like a more reliable way of locking a wheel in place and also simpler to implement. Both a timing belt pulley and a sprocket in this case would only have their links running along the top and sides of it, leaving the cogs on its underside open to applying pawls to. That said, this is my first mechanical project, so I'm apprehensive to go that route without hearing an experienced opinion first.

For the locking mechanism there are two constraints:

1. A limit of 0.3 cm on braking backlash, if any (I'd consider loosening this constraint to 0.6 cm if 0.3 cm turns out to be prohibitively complex).
2. It should be safe enough that if someone leaned on the load that their added weight shouldn't result in its catastrophic failure.

I like the roller chain option because it seems the simplest to me, but on a site like McMaster-Carr the smallest pitch on a sprocket appears to be 1/4". This presents the potentital for about 0.6 cm of backlash when using a single pawl. Perhaps multiple pawls could be used, but it appears to add complexity, and I'm skeptical of making the integrity of the system depend on the integrity of a single cog.

Brake pads are the other option, but offhand seem considerably more complex to implement in and of themselves, but being that now I'd likely be depending on the force of a strong spring to keep the pad up against the wheel, and that how I disengage that spring is going to be done by hand, I'm figuring a new component will have to be added to the system just to enable practical contraction of the spring; increasing the complexity of this option further.

What's your take? Are there remarkably better options that I haven't included? Is using pawls on the cogs of timing belt pulleys and sprockets unsafe in the first place?