Great points! All of which I agree with. I dropped from a 10” to an 8” chuck to reduce weight on the spindle and as importantly the inertia on my machine. I believe a 3 jaw chuck has some advantages in the way they clamp vs a 4 jaw. My 12” 4 jaw independent is a direct mount where every ounce saved there is huge, I guess (I can’t lift it anyhow).
A possible consideration and the only reason I keep my old 10” 3 jaw around is that I often need the chuck body to “swallow” parts that are bigger then the slightly more than 2” spindle bore. Depth and capacity inside the chuck body is huge for me.
I don’t really adjust my “set-tru” chuck often at all because even when rechucking I get pretty good repeatability (under 0.002”) which is fine most often. If I have a single round part that needs to be as close as I can get it, I’ll get out the 4 jaw which sits in the trolley at the back of the lathe. If there are multiple parts to be made in a second operation and they need to be really close, the adjustable chuck is great, fantastic even. Since getting the adjustable chuck, I use my collets way les than previously. My scroll plate is pretty good but it’s super quick to make a small adjustment if a certain diameter stock is being used. It’s a great option but as pointed out here there are downsides to most things.