A display system includes a subpixelated display panel having subpixels in two saturated primary colors. In one embodiment, the primary colors are selected so as to be a substantially metameric pair for an achromatic color such as white. Information display efficiencies arise from utilizing a checkerboard arrangement for the two primary colored subpixels and from using subpixel rendering algorithms to render an image on the display. The bichromatic display may display a black and white image combined with a monochromatic image, or may provide the capability to overlay a first image from a first image source carried on a chromatic channel onto a second image from a second image source carried on a luminance channel, where the first image source detects light wavelengths that the Human Vision System is not sensitive to, such as infrared light. This latter embodiment of the bichromatic display system is suitable for night vision devices.