Just added a ratchet block and new mainsheet. Here's how they turned out.
After a somewhat blustery day on the water, I'm an instant convert. I got a Ronstan ratchet block with both manual and automatic settings and replaced the block in the middle of the boom with it. It has only 90 degree turn, which I was told is marginal for a ratchet block, but it worked fine.
I used to have a massive main sheet (1/2") and went down to a 9mm 'racing sheet'. This sheet is very soft, and low stretch, made from a mix of nylon and dyneema. Initially it felt a bit slippery, but was in fact very easy to grip and hold, and worked well with the ratchet block. With some use, it should lose that slippery feel.
In automatic mode, the block will ratchet as long as it's kept under sufficient tension. There appeared to be no way to change that tension value, but it seems to be a good match for the DS (I have the standard rope bridle on the transom with a 2:1 purchase there, and swivel cleat on the CB trunk).
I ended up not cleating the main sheet at all that afternoon. The new sheet is also a lot lighter, which will be nice for low wind. Originally, I wanted to get 10mm, but there was an odd price jump (and the line isn't cheap to begin with). Turns out, with the assist from the ratchet block, 9mm is easier on the hand than 1/2" (13mm) without.