Stephen,
Be VERY aware that a medium in a basket and the same medium in a pot will perform entirely differently. The fact that cork in a basket dries very quickly may extend its longevity. Your idea of large chunks will help, too.
As a caveat...
Several years ago (about 20 or so, I think) ground cork was the "new wave" in orchid potting medium. It was readily available, cheap, very well graded, size-wise, and held moisture well without being soppy. Unfortunately, it - in pot culture, anyway - it apparently harbored quite a microorganism population, and in what seems to be an "overnight" phenomenon, went from an open, airy medium to a root-suffocating, slimy sludge.
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