Seeing the pix makes a bit more sense of this - in effect, those notches and the "rotary spring" are acting as a worm gear, so your 500 rpm would probably translate to maybe 3-4 seconds for a full rotation of the chute.
Prior to the pix, it sounded like you were going to direct drive the chute - hence my smart-azz comment :laughing:
Gotta forgive us "non-snow blower people", we got about 8 inches this year, typically around 0-3", and prior to this year the late 60's was the first and last time we ever saw more than a foot... Steve