I don't have any solid reason to feel this way, but I'd be a bit uncomfortable with chains flying around under there, thinking that a few links would be propelled out from under the mower at high speed.
Just thinking that a blade might not be as likely to 'come' loose when being held with 3/4" bolts vs a chain that may have only 3/8" steel in its links.
Notwithstanding that the chain wouldn't be very 'sharp' but would still wear and at some point need to be removed (or remove itself).
But, my mind isn't made up that it won't work. /forums/images/graemlins/wink.gif