You may rethink the DRO and collet chucks in the future, they are very handy even in a non-production environment. I really like being able to machine short pieces in my collets and not having the jaws whirling around while breaking edges close to the chuck. I would do everything in my collet chucks if I could.
The chuck you reference has an adjustment feature that lets you move the chuck body a small amount relative to the backplate to adjust out runout. It also has two piece jaws so you can make soft jaws for it to hold work that could get marked up by the jaws, or if you need a particular depth you want to hold, just machine that into the soft jaw. My lathe came with a standard 3 jaw chuck with about 0.007” runout, I will be upgrading it to a two piece jaw chuck at some point and likely an adjustable one so that I can get more accurate runout for second ops.
The chuck you reference has an adjustment feature that lets you move the chuck body a small amount relative to the backplate to adjust out runout. It also has two piece jaws so you can make soft jaws for it to hold work that could get marked up by the jaws, or if you need a particular depth you want to hold, just machine that into the soft jaw. My lathe came with a standard 3 jaw chuck with about 0.007” runout, I will be upgrading it to a two piece jaw chuck at some point and likely an adjustable one so that I can get more accurate runout for second ops.