I tend to disagree about the sprocket causing this condition (stretched chain). The sprocket is made of some thin metal and the bearings are little cylinder shaped needle bearings about half the size of a BB.
The tip spins at around 10,000 rpms. If a condition exists in the tip that is creating friction, it very quickly is known to the operator. With 5 or more HP spinning the tip at 10,000, that little bit of metal in the tip doesn't stand a chance.
I'm not trying to be a wiseguy (it comes naturally), just trying to get to the real bottom of your problem.