I just picked up some scotch-brite pads (course, they were maroon colored) to do the same treatment to all my chrome. I seen it done on an Exile Cycle on Build or Bust. I think it looks ok, and I'm a little too lazy to buff my chrome all the time.

1982 Pontiac Trans Am...K.I.T.T. in progress. "It looks like Darth Vaders bathroom in here..."