2nd Draft and work in progress!
Why have a chain?
A key principle is that a pocket watch should always have some sort of safety device in case it is dropped. I have had three customers in the last three months drop their watches on the floor (whilst winding I think) and two of these watches cost over £550, and in each case they broke the balance staff, one only 2 days after purchase.I have managed to fix two of them and the third is on its way to me and can probably be fixed. But these users were lucky, they were all watches for which New Old Stock balance staffs are potentially available, for many watches and all English ones this is not normally the case and that makes repair out of my competency and may exceed the value of the watch.
So you need to have a chain (or similar) and use it at all times! However remember it is a safety device, clips and case bows may fail, so hold onto the watch not the chain.