As to color.....
If you keep a sex link rooster, and breed him to a sex link hen, you'll get 50% barred chicks, regardless of gender. 50% solid. The base color will be black, but you'll likely have some red leakage coming through on both hens and roosters.
You're kind of comparing apples to oranges here, when folks are talking about hybrids having a higher rate of lay and burning out faster. Those statements can apply to hatchery hybrid sex link layers, but it's not simply because they have sex linked genes. The sex linkage has nothing to do with how well a bird lays, or how fast they might "burn out". Those traits come from the parent stock, that they're bred to be such high production birds.
A bird simply being a hybrid or mixed breed does not mean it's going to be a stellar layer. Having the sex linked to the color doesn't mean it's going to be a high production bird. It's just that the hatchery birds have been intensely bred that way for so many generations, folks confuse the two things.
Crossing breeds does result in "hybrid vigor", usually a healthier animal overall. But, you've still got to start with good parent stock. In your case, the offspring are going to lay basically the same as the parent stock. So will future generations. You don't magically gain or lose egg production over the generations with sex linked genes.
For example, I have a pen set up to give me red sex linked chicks. The rooster is a Silkie, one of the hens is a light Brahma. Neither of those breeds are known for their laying prowess. So, just because I'll be able to sex the chicks at hatch, and they're red sex links, doesn't mean they're going to lay like the hatchery red sex links

. they're just going to be cute little buggers that should brood up a storm!
the biggest bonus to hatching your own sex linked birds is the ability to tell gender at hatch. This is handy if you're selling sexed chicks, or if you want to cull the males to only raise pullets.