Another vote for an anchor winch vs windlass. You can use ANY kind of rode you want, it rolls up into a compact package vs a large rode locker, way simpler operation, and way fewer problems. It's a superior system. Lonestar also makes a good product for comparison, though they lack the free fall.
If you go with an anchor winch, beware using a lithium battery to run it - the startup current on one of these can be a few/several hundred amps if fully loaded with wind/current against the boat when you first engage it (I've measured this), and FET-based BMS's on most lithium batteries will be unhappy with this. A larger 400 AH or more lithium bank usually works out fine, as long as they are quality batteries like Kilovault or Epoch. If your house bank has no reason to be that large, recommend a quality AGM TPPL battery like Odyssey Extreme for a start/anchor winch battery, then the large windlass load is isolated from your house system and you can run a light, smaller lithium house system. Your engine/alternator will be running when you use the anchor winch so no real worry about the load on the start battery.