Observe answer in projecting feature's links leading to Hunter? (5,5)

I believe the answer is:

watch chain

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'observe answer in projecting feature's' is the definition.
I can't tell whether this defines the answer.

'links leading to hunter?' is the wordplay.
'links' becomes 'chain' (a chain is made up of links).
'leading' is a charade indicator (letters next to each other).
'to hunter?' becomes 'watch' (hunter is a kind of watch).
'chain' after 'watch' is 'WATCH-CHAIN'.

Can you help me to learn more?

(Other definitions for watch chain that I've seen before include "Fob" , "linked to old timer" .)

I've seen this clue in The Times.

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