There's so many advantages to timing belts - they don't stretch (good ones), they are quiet, they are inexpensive and easy to replace. Timing chains inevitably stretch (elongate) with wear and throw the engine out of time. They are noisy, more expensive and much harder to replace. That said I would never want a timing belt on an interference motor, and I would never want a timing chain on a non-interference motor like the non-VVT 4.7L. You haven't had real car problems until you've had timing chain issues on an expensive, unrebuildable, interference German V8.