Chains are essentially a no-service item, if everything is well designed. Yes, there will be a small amount of timing shift as the chain stretches and the tensioners take up the slack, but it is very small and generally won't affect performance for 150k to 200k miles. That said, some engines have better timing chain systems than others. You almost *never* hear of chain problems on most cam-in-block (pushrod) engines, Cad Northstars, Chrysler 4.7/3.7 series, modular Fords (after a some early problems), etc. On the other hand, the gone-and-not-missed Chrysler 2.7 had a whole world of timing chain failure modes. Even the early Modern Hemi, even though it is cam-in-block, had an issue with premature tensioner failure. Fixed now, thankfully.
Belts are an OK way to time an engine if you can build it non-interference, so that if the belt breaks the engine just stops without hurting itself. But non-interference puts a lot of constraint on combustion chamber and piston crown design and is just not acceptable in the world of tightening emissions rules and the quest for more and more power from less fuel burned. Belts on an interference engine are S-T-U-P-I-D, and its unbelievable to me that most autmakers have actually produced at least one belt-timed interference time-bomb. Some (Honda) have built MANY such engines. But I'll never own another one after my wife's PT is retired. Just too much risk of a $80 part doing $2000 worth of damage.
Belts are an OK way to time an engine if you can build it non-interference, so that if the belt breaks the engine just stops without hurting itself. But non-interference puts a lot of constraint on combustion chamber and piston crown design and is just not acceptable in the world of tightening emissions rules and the quest for more and more power from less fuel burned. Belts on an interference engine are S-T-U-P-I-D, and its unbelievable to me that most autmakers have actually produced at least one belt-timed interference time-bomb. Some (Honda) have built MANY such engines. But I'll never own another one after my wife's PT is retired. Just too much risk of a $80 part doing $2000 worth of damage.