In this paper, we analyze and extend the recently proposed closed-form online pose-chain simultaneous localization and mapping (SLAM) algorithm. Pose-chains are a specific type of extremely sparse pose-graphs and a product of contemporary SLAM front-ends, which perform accurate visual odometry and reliable appearance-based loop detection. They are relevant for challenging robotic applications in large-scale 3-D environments for which frequent loop detection is not desired or not possible. Closed-form online pose-chain SLAM efficiently and accurately optimizes pose-chains by exploiting their Lie group structure. The convergence and optimality properties of this solution are discussed in detail and are compared against state-of-the-art iterat...