A good annual inspector will write you up for any deformity in the cable. Rotation resistant cable is especially susceptible to deformity when getting wrapped wrong.
If it is just a small wave in the line, I would visually inspect the line, and make a written record.
If you've got a full drum of cable on the winch, and just don't like how it looks, cut it off. You won't miss 40'.
The best way to see exactly how bad the cable wave is, scope out 70' of boom, up at 65 deg. Let your cable out until the ball is almost touching the ground. Telescope in, slacking the cable by setting the ball just on the ground. Here's where you'll see the wave the worst. Then to retighten the cable on the drum, just scope out another 20' of boom, and let out cable to get rid of the slack.
I messed up, and cut off about 30' of cable this spring, I was swinging the counterweight through trees, and a oak branch held up the winch line, popped it over to the side and I pinched it up on the side of the drum.
In a perfect world, things like that wouldn't happen.