Have you tried to polish what you've got first? My recently restored Cheney's frame was in pretty poor condition with surface rust and that greenish flim that seems to grow on neglected nickel. Replating was out of my budget and I had my concerns about the sulpheric acid dipping process to remove the old nickels effect on the Reynolds tubing. I'd seen the results on a friends Cheney not turning out as he'd expected so didn't want to wreck the rare frame.
Here's what I did. I fitted a series of stainless steel rotary wire brushes in my electric drill and proceeded the tedious task of brushing the whole frame/swingarm from front to back to try and remove all of the surface corrosion. To get into difficult corners I used smaller brushes in my Dremel using the flexi extention to make sure that all of the corrosion was gone. Then once I was happy I set about polishing the frame using a metal polishing kit suitable for use in an electric drill chuck purchased from Bunnings (around $30). The kit comprises of a couple of felt buffing pads, a rag finishing buffer and two different grades of buffing 'soap'. Using the felt buff and the slightly more abrasive grey soap, I repeated the process I'd used with the wire brushes until I was happy with the finish. It's not a quicky process, it took me around three days on and off until I was happy with the result. I then proceeded to polish the frame using Simichrome polish applied with a foam gizmo which also fits in a drill called the 'Power Cone', made by either Mothers or Meguiars (they both make similar products) and finish polished it with a terry cloth.. After about two hours or as long as it takes to use a whole tube of Simichrome, the frame was absolutely glistening. But...I wasn't finished. As a final touch I went over the frame with Maserati brand 'Brite Shine'...that cotton wool like stuff that comes in a can, and a terry cloth, ending up with a shiny, gleaming pile of Cheney where a previous greenish dull old frame had been.
It all sounds a bit anally retentive, taking a week to polish a frame but the hard work was well worth it. While I know where the flaws are in the frame, most folks who saw the bike at CD7 didn't notice them and thought I'd had it re nickeled. At around $100 all up for materials it's a damn site cheaper than re plating and you can still have confidence in the integral strength of the frame.
Considering my Cheney started as a scrap yard find that had been saved from the crusher by a fluke of fate, I think the effort to get her looking pretty again was well worth it. You will too !