I do not believe that the Preston is free of those chemicals. It's the water pump seals that benifit from the lack of the silicates, phosphates, borates, ... The GM DEX-COOL was developed by GM so that it could handle the 100,000 mile maintenance interval. Personally - i could not go that long w/o changing the coolant on my car (just a mental thing).
It is my understanding that the DEX-COOL matches what "motorcycle coolant" is trying to do by not having the abrasive compounds.