Here is my 2 cents that will create all types of hot replies. Back in the day when I was a defense engineer we ran into problems with chromed parts and hydrogen enbrittlement. The process of chrome plating would change the base metal and make it brittle. Parts would end up snapping. From that day forward, I avoided chrome plating any key structual part. I am sure the risk is low on a sway bar but is it worth any risk to have the thing snap unexpectly?
To learn more:
http://www.corrosion-doctors.org/Forms/embrittlement.htm