I think Ireeb is pretty much there. Unfortunately the shaft is so dark that you don’t get any glimpses of the mechanisms from any POVs, and I don’t recall being able to see very much from on the ride too, due to the openings in the concrete and floor of the train.
I’ll describe my thoughts on the mechanics and sequence of operation of the ride.
The lift hill has two sections. The first section works just like the lift hill on the Smiler, with the anti-rollback devices as Ireeb has highlighted in his post. The second section (which I’m thinking is probably the upper half of the vertical section) has separately controllable anti-rollback devices. They probably look much the same as the rest, but they’ll have independent actuators to move them.
The chain is engaged to the motor via a clutch mechanism (much the same way the Dive Machine holding brakes work). I would also suggest that the chain tension device has some sort of slackening control – just to allow things to move a little more freely – but I might be completely wrong on that.
I think the reason it seems to take so long is due to the various interlocks in place to maintain the safety.
The train is brought to a stop on the lift hill, as the top of the second section. The anti-rollbacks on the lower section are then proven to all be in place. The chain tension device is slackened, and the anti-rollbacks on the upper section are moved out of the way. Once all of this is proven via the various end-switches and controls, the clutch is released and the train is free to roll backwards.
It hits the lower section of anti-rollbacks (which are now just acting as brakes) and comes to a stop. The clutch is re-engaged gradually, bringing the train back to rest. Next the various sequences all operate in reverse and the system carries on as normal.
Having ridden the ride and felt the sensation of the drop, I would suggest that the chain doesn’t fully release and instead maintains some resistance to the “free-fall” motion. That would probably help with stopping the train and re-engaging the lift.
All hypothesising, of course. I’ve no idea really – and I love to see the plans.