After further consideration, I'm scrapping using the elastic cord for a bracelet idea (as a tension spring for the winch in place pulley). The point of that was to use as little space as possible but I just don't trust it. I am not sure what material it is made of and my experience with rubber bands has always been dry rot issues. I am going with 2mm OD tension spring instead. It has to stretch 12.5" and so I'm using a 12.7" strip of it to start. That feels like a snug stretch but does comfortably reach the 12.5" of stretch needed. This brings its stretched total length to 25.2". I bought 3mm ID 4mm OD TPFE tubing to be its guidance tube for this. That arrives tomorrow and then I can begin assembly.
This 4mm OD guidance tube is a bit bulky and long for the arm IMO so I will relocate it to the torso since if I use this method for other motors these 4mm OD tubes will add up in space taken up fast. The arm can't house them - it's just too much space taken at that point for these. But the torso can house them in the back or sides I think. For now, since the torso is not yet attached, I'm going to place this tube ON the string suspended from my ceiling and treat that string as though it were to torso for now.