I love Chromis because I spent a lot of time watching them in the wild growing up (my family are from Mauritius). They definitely do 'School' in the wild, but they school in very large groups, upwards of 500 fish at times and are very active on the reef, and feeding regularly, even then they seem to squabble! In our tanks that becomes a greater issue.
Even so when started my first Reef I had to have these fish due to them being a large reason I fell in love with coral reefs as a kid. I started with 5 in a 60G about 3 years ago, and now have only 2, these two get along well but with a very definite dominant fish, they do swim together almost all the time though and would love to have a larger group in a bigger tank one day. But as has been mentioned on this thread already its very hit or miss, but definitely can be done.
In my personal experience they do better and fight less when they are fed regularly (4-5 times per day), are housed in a large tank and have also found that they are calmer when fed small live foods (copepods etc) regularly as this stimulates their natural feeding responses.