Correct.
With lacros, we have two binaries:
* lacros-chrome, built out of //chrome, does not contain //ash, just a browser
* ash-chrome (the existing "chromeos chrome") - built out of //chrome, contains //ash, no change from today. It's either a browser with a built-in window manager, or a window manager with a built-in browser, depending on how you think about it.
In a post-lacros future, we would love to remove the //chrome bits from ash-chrome. Then //ash would be a "top-level product", and the binary would be much smaller than it is today.