I was just thinking it would not be a good choice for a backplate. AL is soft, dings easier, not as dense as iron or steel, less rigid. It may not hold up over the years with repeated removal like on the register or threads. As the spindle heats up, the alumn will expand/contract at a much faster rate than steel which might cause issues. CI has a lower RPM rating than steel, perhaps the aluminum might have an even lower rating?
If I were going to spend the time to make a backplate, I'd rather use a material that will last much longer. But I suppose it depends on the size of the chuck & lathe. On a mini lathe with a 3" chuck it may be perfectly fine but probably not a very good idea for an 8" or 10" or larger chuck.