Propoisiton 5. The natural transformation $\theta$ is relatively representable by proper schemes. Thus, the functor $F$ is representable.
Proof. FixFix an integer $d$, and define $F^d$ to be the inverse image of $\text{Pic}^d_{C/k}$ with respect to $\theta$. There It suffices to prove, for every $d\in \mathbb{Z}$, that the result holds for $$\theta^d:F^d \to \text{Pic}^d_{C/k}.$$ Fix a family of normalized invertible sheaves $(\mathcal{L},\tau)$ of relative degree $d$ on $C$ parameterized by $T$.
There exists an invertible sheaf $\mathcal{A}$ on $C$ such that for every family of normalized invertible sheavessheaf $\mathcal{B}$ of relative degree $d$$\leq d$, thefor every invertible sheaf $\mathcal{L}\otimes_{\mathcal{O}_{T\times C}}\text{pr}_C^*\mathcal{A}$ is$\mathcal{B}$ of degree $\text{pr}_T$-relatively globally generated$\leq d$, resp. for every rank $1$, torsion coherent sheaf $\mathcal{T}$ of length $\leq d$, for every surjective homomorphism of coherent sheaves, $$V\otimes_k\mathcal{O}_C \twoheadrightarrow \mathcal{B}, \text{ resp. } \ \ V\otimes_k\mathcal{O}_C \twoheadrightarrow \mathcal{T},$$ then also the associated homomorphism, $$H^0(C,V\otimes_k\mathcal{A}) \rightarrow H^0(C,\mathcal{B}\otimes_{\mathcal{O}_C}\mathcal{A}), \text{ resp. } \ \ H^0(C,V\otimes_k\mathcal{A}) \rightarrow H^0(C,\mathcal{T}\otimes_{\mathcal{O}_C}\mathcal{A})$$ is surjective. In fact this is true precisely if $\text{deg}(A)+d \geq 2g$$\text{deg}(A)-d\geq 2g-1$.
With respect to such an invertible sheaf $\mathcal{A}$, and for athe fixed normalized invertible sheaf $(\mathcal{L},\tau)$, the family of filtered $V$-systems on $C$ is uniquely determined by the system of morphisms, $$\phi_{i,\mathcal{A}}:V\otimes_k H^0(C,\mathcal{A})\otimes_k \mathcal{O}_T \to \text{pr}_{T,*}(\mathcal{L}\otimes \text{pr}_C^*\mathcal{A})|_{W_i}.$$ In particular Since $\text{deg}(\mathcal{A})-d$ is greater than $2g-2$, all of the relevant higher direct image sheaves vanish, so that this sequence of morphisms is equivalent to a usual family of (irredundant) complete collineations from $H^0(C,V\otimes_k \mathcal{A})\otimes_k \mathcal{O}_T$ to $\text{pr}_{T,*}(\mathcal{L}\otimes \text{pr}_C^*\mathcal{A})$. The functor of complete collineations is representable. So it suffices to prove relative representability of the natural transformation associated to each family of filtered $V$-systemsystems with specified normalized invertible sheaf the associated family of complete collineations.
First of all, this natural transformation is a monomorphism since $((W_0,\phi_0),\dots,(W_r,\phi_r))$ is uniquely determined by $(\phi_{0,\mathcal{A}},\dots,\phi_{r,\mathcal{A}})$. Thus, it suffices to prove that the systemimage is representable by a locally closed subscheme of imagesthe space of complete collineations.
Define $\mathcal{F}_{C,\mathcal{A}}$ to be the kernel of the natural surjective homomorphism, considered$$H^0(C,\mathcal{A})\otimes_k \mathcal{O}_C\to \mathcal{A}.$$ For $s=0$, resp. for each integer $s=1,\dots,r$, for a family of complete collineations $(\psi_0,\dots,\psi_{s-1},\psi_s)$ as quotientabove, resp. for such a family with $\psi_i=\phi_{i,\mathcal{A}}$ for all $i<s$ coming from a filtered $V$-linear systems $((W_0,\phi_0),\dots,(W_{s-1},\phi_{s-1}))$ defined up to level $s-1$, define $\psi'_0$ to be the composite homomorphism of coherent sheaves, $$ V\otimes_k \text{pr}_T^*\mathcal{F}_{C,\mathcal{A}}\otimes_{\mathcal{O}_C} \to V\otimes_k H^0(C,\mathcal{A})\otimes_k \mathcal{O}_{T\times C} \xrightarrow{\psi_0} $$ $$\text{pr}_T^*\text{pr}_{T,*}(\mathcal{L}\otimes_{\mathcal{O}_{T\times C}} \text{pr}_C^*\mathcal{A}) \to \mathcal{L}\otimes_{\mathcal{O}_{T\times C}} \text{pr}_C^*\mathcal{A},$$ respectively, define $\psi'_s$ to be the composite homomorphism of coherent sheaves, $$ V\otimes_k \text{pr}_T^*\mathcal{F}_{C,\mathcal{A}}\otimes_{\mathcal{O}_C} \to V\otimes_k H^0(C,\mathcal{A})\otimes_k \mathcal{O}_{T\times C} \xrightarrow{\psi_s} $$ $$\text{pr}_T^*\text{pr}_{T,*}(\mathcal{L}\otimes_{\mathcal{O}_{T\times C}} \text{pr}_C^*\mathcal{A}|_{W_{s-1}}) \to \mathcal{L}\otimes_{\mathcal{O}_{T\times C}} \text{pr}_C^*\mathcal{A}|_{W_s}.$$ The necessary and sufficient condition for $\psi_0$ to equal $\phi_{0,\mathcal{A}}$ for a unique $\phi_0$, resp. for $\psi_s$ to equals $\phi_{s,\mathcal{A}}$ for a unique $\phi_s$, is vanishing of $\psi'_0$, resp. vanishing of $\psi'_s$. Working on the fixed sheafindividual strata of the flattening stratification of $V\otimes_k H^0(C,\mathcal{A})\otimes_k \mathcal{O}_T$$W_s$, vanishing of $\psi'_s$ defines a closed subset of each stratum. From this point we proceed as in To prove closedness of the usual construction(constructible) union of these closed subsets of the space(locally finite) union of complete collineations: construct the representing scheme asflattening strata, it suffices to prove properness of $\theta^d$, and for this it suffices to prove the closure inside a fiber productvaluative crtierion of Grassmanniansproperness.
Thus, assume that $T$ is Spec of a DVR and assume that $V\otimes_k H^0(C,\mathcal{A})$$\phi_{s,\eta}$ is defined over the generic point of $T$. For $s=0$, it is straightforward to prove that there exists a unique extension $\phi_0$ over all of $T$ whose restriction to the locally closed fiber is not (identically) zero. For $s\geq 1$, there exists a $T$-flat and finite, closed subscheme $W'_s$ of $T\times_{\text{Spec}\ k}C$ that representscontains the open subfunctorzero scheme of $F^d$ parameterizing families with$\phi_{s-1}$. By restricting $\phi_0$ surjective$\phi_{s-1}$ and $\phi_{s,\eta}$ to $W'_s$ and pushing forward to $T$, we are reduced to the valuative criterion of properness for the usual functor of complete collineations (note, separatedness follows from the fact that the natural transformation is a monomorphism). QED