"Yes, but the 4sqrt(E/Fy) slenderness limit does not apply for X-bracing, only for chevron"
True. But consider how a two-story brace is formed, by mirroring a chevron brace about a beam so that it forms an "X" over two-stories. In an X-braced frame, where the "X" is within each story, the effective length can be cut in half because you could suppose that the braces are supported at their midpoint, assuming that they are connected together. In a two-story configuration, you don't have the ability to do that, so slenderness becomes a concern because you don't want your braces to buckle before they yield. I would say the provision for cheverons would still apply because of this.