A few of us have the 8" Bison version of this combination chuck, it is my primary chuck for anything over 1", otherwise I use my 5C collets. It has the benefits of a scroll, so quick stock insertion/removal and the precision of an adjustable 4J when you need to have minimal TIR. The repeatability of the scroll on mine is around 0.002". The Bison combination also has small jaw tips in contrast to most 4J independents, so you can hold stock as small as 0.200". I find it holds stock more securely than my 3J and less chance of twisting, and it holds stock in the axial (bed) direction more true than any of my other chucks. You can also use it for odd sized stock or irregular surface, this has been helpful in a number of projects. I have dual keys for the independent jaw adjusts, but really you can dial it in with in in less than a minute with a single key. I would take it over a standard 4J independent any day of the week, but then it comes at a price premium and it is probably 20+lBs heavier than my direct mount 4J independent that came with my lathe.
You may consider using some Evaporust on your chuck initially to clean it up, I wouldn't want to use anything corrosive like mild acids. Also keep track of the jaws relative to the slots, mine are all numbered. Look foward to hearing what you thing when you get it up and running.
View attachment 236524