Sorry to hear your sad results with the OX. As far as chrome I have only done severely rusted stuff. There is something about those Phantom fenders. They get that "cloudy" look real easy. Like they say, "once chrome is gone, it's gone".
Any acids that attack iron oxide will seep into pitted areas and follow any rust that has crept under the plating.
Leave it in a solution long enough and a small pit will turn into a peeled off patch.
Look at it this way; you still will have a nice original bike, lack of chrome , paint not that great....so what?
Phantoms with re-pop fenders and all new chrome on them are nice....but you have a survivor. Keep it "as is" ,ride and enjoy. Can always find one for sale that has been "restored" later if you want.
Truth be told, the hard ridden, somewhat crusty originals get more attention anyway
