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Setting the policy to true lets users use a third-party password manager.
That password manager will handle saving and filling for all password, payment
and autofill data.
When the policy is true or not set, a setting will allow to switch between
Google Chrome's buit-in password
manager and the password manager configured in Android settings.
Since Google Chrome uses the same data
as Autofill with Google, the setting can only be changed to use third-party
password managers if a manager other than Autofill with Google is configured
in Android's system settings.
Setting the policy to false means
Google Chrome will always use the
built-in password manager.
This policy doesn't affect third-party password managers that use
accessibility APIs.