In theory, both the chromate and Zinc/Cad layers are sacrificial layers. The chromate protects the zinc/Cad layer. The plating is vulnerable to attack from acid among others and even from something like Coke-A-Cola. Then of course the Zinc/CAD layer protects the base metal from corrosion and rust. Yes, when the chromate wears off (and it does), the plating is revealed. Then when the plating wears off (and it does), the steel metal will rust. I am not sure how that is not correct.
Yes, you can add brightener to make the parts shiny but that is more of zinc look and not CAD. CAD is more of a dull finish. And yes you can leave off the chromate, but why leave off more protection? There is a "clear" chromate that only leaves a very slight bluish tint. That is what most hardware bolts are. To the untrained eye, they don't appear to have a chromate, but do. Using the Caswell Zinc kit, the difference is noticeable comparing clear chromate versus the plain zinc part.