If you still have the cover off, look closely at the chip. If the edges are "sharp" not sure how to describe it, and you can get to it, you need to see if you can dull the edges a little.
In other words, round them off slightly.
Extra fine emery cloth will do it.
Don't let the filings or cast off of the emery cloth get in the rear end.
If you think it did, wash it with oil and suck the results out.
A sharp edge like that is a stress riser. Causes all the load to be concentrated at that point.
If you have already buttoned it up, or you can't get to it, go ahead and run it. Not rounding the edges off is not a guaranteed problem.
Rounding it off is more of a just in case thing.
If you do have it open, you might see if you can find the piece that chipped off. With any luck, its stuck at the bottom and will not give any problems.
Thats why I have always used a magnetic drain plug on the rear ends that have them.