Well, it had to happen eventually...I managed to wear the chain on my Husky 240 right out. I mean she's done. My old 17 year old cat has more teeth in his mouth than what I have left. I really should have tossed it much earlier, but I had to see how far it would go. 7-9 cords and a few experiences of finding barb wire in push down piles, she had a rough life. A few things that I observed, chips AND sawdust at the same time, a much hotter bar, tons more vibration, but the biggest one was the fuel consumption of the saw. Obviously it was burning the same amount as it ever does, but with more time running in the cut from the lousy chain, it seemed to be burning almost twice as much. Neat to see how far a chain can be pushed, but efficiency sure drops off.
Definitely my concept of "worn out chain" = mostly toothless. Some chains, before they get to that state go to the "stump flushing" bucket. Can't have too many gap-toothed chains on the ready-line, not to mention that they could be a hazard with a powerful saw.
That's a god thing.! You cut a lot of wood with it I save a couple well worn ones for the dirty jobs: trail & brush cutting, roots, stumps & possible metal or rock strikes. When junk cutting, I put an old bar on too, older worn chains are tough on the bar
I'm very proud of you. I never seem to wear out any chains. They always seem to find a rock and die that way first. Ugh!
It could depending on the circumstances. If a bunch of teeth were knocked off it would not be worth messing with. If they were chipped/dull, just take the cutters back so they are all even (adjusting the rakers of course).
Chains are disposable items and relatively cheap, when they are used up they get tossed aside. I would not risk burning up a saw trying to get the last dime's worth of use out of a saw, especially a small saw like that which in all probability is already running lean.