I really like that suggestion Moper, but seems we can skip that. I was able to finally get the sucker off tonight. When I went back, I tried flexing the chuck one side to another grabbing the inserted round-bar, and after a breif moment, it suddenly POPPED off in a fraction of a second and fell on the ways. Luckily I had some wood laying there in advance.
So for now... 100% success. Who thought the simple act of changing a chuck would be such a learning experience. Ohh, I noticed some brownish staining between the flange where it was pressed against the chuck. Unless that was some interesting lubrication before hand... I'm going to guess iron-oxide.