hello Wille, depending on application, a normal chuck may get increased wear pretty soon, especially on the archimedean spiral
normal chucks loose power, because of their construnction ( also a hydra chuck looses power, but it has a much better randament, so it is more realiable ); they are ok for classical machines, as for mills, if you dont use it for series with high specs, than it should serve you well
also high vibrations will slowly weaken the chuck ( like high rpm + low doc, that creates that high frequency bee sound : zzzzz ); actually, such vibrations will affect whatever fixtures with weak points
how many times do you think that the chuck will keep griping parts with their axis vertical ? even a new chuck may require a hammer
you wont be able to rotate all the satelites of the chuck, unless you put it on rotary table, or on a high flange ( so to raise it from the table )
even if the price of the 4inch bore chuck is not a problem, please consider alternatives
all the best
ps : you wont be able to use that fancy 5BT mill of yours, at full power, if you use a classical chuck; unless you clamp hard the chuck on the table, and mill directly into the chuck body, so to turn it into chips; you need something stronger and more reliable