Uncle Buck,
The chuck should be OK. I've been running a Pratt Bernerd 6" that looks pretty much like it on my 3996 since about 1982. As I age faster than the lathe, it's gotten heavy enough in recent years that I built a wood install/remove stand out of a piece of 4x4 so I didn't have to worry about either my fingers or the ways when I install or remove it. The machine still has its original spindle bearings with no measurable end float or radial play.
Robert D.
Considering that the spindle bearings are designed to support a pretty large workpiece, plus cutting forces, I don't think the chuck up-size is a problem. It might pose accelerated wear if you maxed out the capacity of that chuck AND were really pushing the cut, but for typical light hobby use, I don't see a problem. It's not like going from a 6" to a 12". That could amount to 4x the chuck weight alone, plus the temptation to put larger workpieces in it. But then again, you would be restricted in -Z- to what you could work just chucking, as you still couldn't swing any more over the cross slide regardless of the chuck size.
I agree hi chuck is fine. I have had an 8" three jaw with 2 pice jaws on my 101.07403 for 10 years with no problems. The timken bearings will suport it just fine.