The way I read the DOT requirements for the breakaway cable, it specs the switch must be activated to apply the trailers brakes after the trailer has separated from the tow vehicle. It does not specify "when" in this chain of events. Where the safety chains are presumably keeping the rig together ? Or after a total breakaway ?
Strictly speaking, it "sounds" to me like the reg is saying "after the hitch connection has failed, and also after the safety chain connection has failed".
Right, wrong or otherwise, I have my breakaway cable connected in a way that the pin would only be pulled in the event the safety chains failed, and the trailer is totally disconnected from the truck.
Personally, I would not want the trailer brakes locked and sliding, especially if it happened to be wet pavement, while the trailer is still hanging on by the chains.
YMMV....and your connections may vary as well....