My, you ARE lazy! The problem with this is you cannot gain the major advantage oif the 4-jaw over the three-jaw, being the ability to center the work dead-on. The setup you have pictured will suffer from any TIR of the three-jaw no matter what you do to center the work in the four-jaw. A lazy setup, yes, brilliant, no. :nuts:
Really now, how difficult is it to thread the 3-jaw off and thread the 4-jaw on???
- - - Updated - - -
To answer the original question of how big a chuck will fit, the answer is in how big a chuck is practical. An 8 inch diameter chuck is the limit of practicality on these lathes, be it a 3-jaw, 4-jaw, or 6-jaw. Anything bigger than 8" in diamater will be grossly excessive.
A 10" diameter 3-jaw chuck with an appropriate backplate will weigh about 60 to 80 lbs and will be gripping the work several inches out from the end of the spindle. This will amplify any TIR in the system and will detract from the accuracy oif the lathe.