Clean with it, but santize with a no-rinse sanitizer like StarSan...
Personally, none of my brewing hardware will ever come near anything that uses bleach/chlorine to sanitize. StarSan does a great job, and the amount it costs to make 2.5-5 gallons of it makes it dirt cheap too.
I would also advise going with oxyfree/oxyclean free if you're going that route... I used it for a bit (was given some) but have since moved to using PBW. PBW is pretty much oxyclean/free on steroids and adrenaline boosters...
oxyclean free will also clean pretty much anything, a friend of mine passed out the other night and someone got artistic on him with a sharpie. In the morning some oxyclean and water cleaned him right up before going into work