How much of your system is already defined? What type of actuator do you plan to use and what are it's inputs? Here's one sensor option for you. Ten minutes on Google will probably get you a few more.
http://www.nireco-web.com/epc/sensor.shtml
I'm not sure what type of signal this particular sensor outputs, however I would guess that it is an analog signal of 0-5V, 4-20mA, or something similar. In this case you could take measurements with one of our DAQ boards (or the ADC on the motion controller), calculate a position correction, and send this to the controller (NI 73xx).
The type of amplifier you use will depend on the actuator you have. NI offers a selection of drives (MID series, nuDrive) for low to medium power applications, which may well include
your paper adjustment mechanism. Maybe the actuator has an amplifier built-in.
If you can let me know a little more about the sensors and actuators in your system, then I would be happy to help you select the appropriate measurement and control hardware. It's likely that we will have several feasible options.
Regards,
Brent R.
Applications Engineer
National Instruments