There is a package Haskell package Haskore <http://haskell.org/haskore/> for doing MIDI that perhaps can give some ideas of the usability of lambda-calculus in music. Haskell though, because of its overall laziness, needs to use monads to express typing of imperative structures. Could be a bother in music.
One of the questions is that a Lambda operator is typically used in languages that are very different from ChucK and combined with very different constructs. I think that in a strongly typed language it might be much less useful and there are things that are more or less equivalent. I'm still interested in ideas like operator overloading, particularly of the ChucK operator. I also think functors might be nice ideas.