If you eschew chapters, it can have a pretty distinctive effect on your prose. Prominent examples that come to mind are Finnegan’s Wake, The Waves, and On The Road, and all make for an
intense read. The absence of pause gives you no place to put it down, you are ensnared within the inescapable flow.
Seems to fit stream of consciousness stuff better.
Although this does remind me of sitting on a plane as a kid with finnegan’s wake, and an older American leans over and reassures me that I’ll be able to move on to “chapter books” soon. To this day I remain unsure if he was being ironic or if he thought I was reading “Spot The Dog”.