Originally Posted by Aeroplane
For a solid, inexpensive 1/8" chain, go to the lbs and ask them for a good BMX chain. Whatever is quiet on a BMX will be quiet on your track bike.
Exactly what I do. I think I usually use SRAMs, but I could be mistaken. They're cheap enough that you can replace them every year or so, just to be over-cautious. Mine runs quiet as anything, though my chainline is also pretty dead-on.