Hi Andrew,
That's an interesting solution to the problem, I know it's a late reply, but I've only just really come back to the board.
I've had the problem in the past, but sought a mechanical way, always do it now to new chuck/arbor assembly.
I drill a 3/8"/10mm hole in the chuck body through to the arbor space, chuck has to be over 3/8"/10mm capacity obviously, but to no detriment to either.
Upon needing separation, just drift the arbor out with a stout 3/8"/10mm long punch.