Industrial chain (sold from a large reel rather than in bike-size lengths in a small box) can be suitable but is almost always low strength and poorly made, designed for conveyor belt drives and the like. These don't usually break on lower power bikes but they stretch unevenly from the varying and pulsing load of motorcycle use. Just one aggressive start can give you a stretched section and the tight-loose-tight-loose-tight-loose chain action as the wheel turns, the distinctive characteristic of a cheap chain.
I agree entirely mate, but the chain I bought from the industrial chain suppliers is a heavy duty "H" rated chain, designed specifically for motorcycles. I know there are cheaper, crappier industrial chains out there that are not rated for motorcycle use, but my supplier sells lots of chains to the local motorcycle shops, and got these chains in for just that purpose. Compared to the OEM chain, it's massive.
I'm taking a set of primary chains over to them on Friday to see what they've got, they told me that they've got some chain that's used on a particular brand of German sports car, that looks remarkably similar to the H/D CB750 primary chains some folks are selling for 600 bucks? Interesting..........
I'd steer clear of some of the Taiwanese or Chinese motorcycle chains being offered by some internet sellers, I actually bought one a couple of years ago, and it's poorer quality than the original Honda "Case Breakers"...........
I also agree with your points regarding replacing the chain with the sprockets as a set, my OEM chain and sprockets on my 1981 Suzuki GS1000S are getting to the end of their lives now, but after 50,000 miles and almost 30 years, a couple of hundred bucks for new chains and sprockets is a cheap investment. While the sprockets still look good and the chain doesn't pull away from them, I can see "witness marks" on the chain rollers and sprocket teeth that I don't want to transfer to the new items. Cheers, Terry.