My observations:
*zerk triggered does not always grant the armour, but it sometimes does. From my games, it appears that the trait works better on lower difficulties: on HNTR it triggered properly 2/3 of my UC visits, on HMP 1/3 (or 1/4 I don't remember perfectly).
*zerk triggered does not restore cautious status, and if you are running to being with, you will run while zerking. You also can start running while under triggered zerk.
*other zerk qualities (fastened move, melee damage) seem to work on triggered zerk.
*if you zerk due to trait while under effects of zerk globe, your will retain all zerk qualities, including armor.