Thus is invented the big bang theory of lathe destruction!! Yes,that heavy chuck is hard on the lathe's bearings,too.
HOW MUCH runout does that chuck have? Chuck up something accurately ground,like the shank of an end mill,and check the portion sticking out with a dial indicator. These China chucks are usually rated for .003" run out. If it's better,I might buy it. I gave away the original chuck on my 16" Grizzly lathe,and if I sell it,I don't want my 8" bison going with it. They now cost 2X as before. You can take off the back plate and keep it. Mine is a D-6 spindle. Wonder if shipping would kill the deal?
Remember,Enco is always giving free shipping nearly every month. That's when I buy heavy stuff from them,like bars of 1" brass.