Here's an interesting review in the bike press, which doesn't rate ACF-50 too highly.
Note the methodology though, involving spraying salt water and repeatedly hosing down to simulate riding a bike over winter.
That said, I've been using ACF-50 on Landrover(s) and bikes OK, and it is designed for aviation.
I also like Motorex 645 "Protect and Shine", though I think it's been re-marketed as MotoProtect
The latter goes on nicely as a fine spray and doesn't seem to attract too much dust; when allowed to dry, it's barely noticeable. I've been using that on the bare alloy wheels on the Marlin kit car, and have only polished them properly a couple of times in the last 10 years or so; yes they still look OK, though I tend to avoid using it on salty roads.
Bill