I have an import keyless Albrecht clone that came with my mill and I've never used it because a pipe wrench was used to loosen it at some point and the jaws are messed up now. Plus the thing is like 2" longer than my Jacobs MT3 mounted chuck.
Our house was built in 1920, it is the original dairy farmhouse. It has a lath and plaster exterior so it's been this way since at least the 50's.
We rewired the entire house 16 years ago and took off all of the interior finishing and found zero evidence of water intrusion.
Stucco because the rest of the house is stucco. And I'm not confident that a weather-tight seal can be created between siding and the uneven surface of the existing stucco. And as @Dabbler said, we live in rain central. In the winter it rains all the time. Snow is a rarity. So watertight is...