The principle: compensate weight rather than lift
A balancer generates in the rope or chain exactly the force that equals the weight of the load. The load then floats: light hand pressure is enough to raise or lower it, and it stays where it is when the hand lets go. Unlike a hoist, a balancer is not operated by up and down buttons – the operator moves the load directly.
That makes it fast. The lifting movement follows the hand without a detour through a control, and the person sets the speed.