To be honest, I can’t see the chain breaking as it is sprung and so has a built-in shock absorber. Plus, it’s a ball chain, made of good quality steel. Those things are pretty robust, and they are not subject to very much tension. The same ball chain mechanism goes back to the earlier 1950s machines, and has been reliable.
The weakness in the T-M Five seems more commonly to lie in the entirely separate tab brake mechanism. I recently had to tweak one of mine (I have a couple) by adding a shim and by shaving off some plastic on a gear, but if it were to get really bad, it would be possible to find a machinist just to make another gear, which is all we are talking about. The original plastics in the mechanism are just laid on top of metal, so as far as I can see, while they are there to make the mechanism smooth and quiet, and though tending to cracks, they are not ultra-fragile. The other solution would be just to remove the brake.
But I am not living in fear of a failure happening — all this talk about dark plastics lurking in the Touch-Master Five is overblown.