Just like engine oil, coolant contains additives. The two primary purposes of these additives: a) inhibit rust & corrosion, b) lubricate the bearings in the water pump. Just like additives in oil, these additives get used up over time via chemical breakdown and recombination, etc. Certain coolants contain silicates, which are ok for short runs (30k-60k) but become abrasive the longer the coolant remains in the system. Coolant also becomes more acidic with use/age, so it starts to eat away at the seals. So by renewing the coolant you avoid wear and tear on the water/coolant pump. Now timing chain wobble - that you can't do much about ...
PEAK brand is one of the few brands that is silicatefree, btw. But as long as coolant is renewed on a regular basis, water/coolant pump problems should be minimal. Yes, definitely a bad design to let coolant drain straight into the oil. No, Ford is not the first to implement timing chain driven water pumps. Japanese mfrs have been doing it for some time ...
Do not be tempted by extended change intervals for either coolant or engine oil, bottomline.