According to the listing on Dr. Roland Ranfft's movement archive, the 354 is not listed as a chronometer. Nor does it indicate that a chronometer version AND a non-chronometer version was produced. The listing shows the 352 as a chronometer.
I have a calibre 355 which I think is the same movement. This one is equipped with a micrometer regulator as one would expect on a chronometer, but it is NOT listed as a chronometer. This one, in wear, is within one minute per week. I could probably fuss with it and improve it, but it is plenty accurate for my needs.
http://www.ranfft.de/cgi-bin/bidfun-db.cgi?10&ranfft&&2uswk&Omega_354Click to expand...