> a vertical array of distinctive marks (e.g. rapidly blinking LEDs)
This doesn't work, as light beams diverge. Even taking a high-quality laser beam with a divergence of 0.1 milliradian (for comparison, a typical laser pointer is about 1-2 mrad), after crossing the 11 meters width of a 9-lane athletics track, you end up with a beam diameter of 2.2 millimeters. At the 10 m/s speed of the athletes and a 40000 fps framerate, they travel 250 micrometers between each frame.