I love my C201, also not very expensive. I opted for the 4Gb version.
My first setup was chromeos + crouton then I moved to linux on a sd card. I noticed I never boot into chromeos anymore so I got rid of it.
I have a C201 too...I reflashed the bootloader with libreboot and installed arch linux on it. It it actually quite snappy, and works fine for development!
I also run arch linux. I tried setting up debian recently, works good too.
Do you run 3.14 kernel (linux-veyron) or the mainline (linux-armv7)?
This is a very interesting setup. You should elaborate a bit more about it!