Well for one, there are practical limitations to doing what you want to do. You can't just take a one inch bar of twelve inches long, say, and chuck it by one end and have it. It's going to go sideways on you and ruin your day. Anything more than about 3 diameters sticking out of the chuck and you want to start thinking about second means of support -- like a tailstock or steady rest. And if you want to bore or face on the end of your part, having the tailstock sticking in there is going to create a challenge. Hence the desire to pass the work through the chuck and spindle, so that you can stick out of the chuck a safe amount to do your work on the end, part your piece as desired, and then advance more work through the spindle and out of the chuck for the next piece.
-frank