There would be little advantage to using a mag. chuck on a shaper and likewise there are disadvantages, such as all your chips accumulating on the job and magnetizing the workpiece and tools. If you use the shaper vise with parallels and vise hold downs (see the Starrett catalog for these), you should be able to achieve the same level of accuracy as with a mag. chuck; the hold downs will snug the workpiece down against the parallels and vise jaw tightly.The question is why would you be leaning toward a mag chuck for a shaper. Why not just use the typical vise with the shaper?