A bicycle shock absorber having a primary unit and a remote unit that can be substantially entirely outside of the primary unit. The primary unit includes a damper tube, a spring chamber, and a piston rod that supports a main piston for movement within the damper chamber of the primary unit. The main piston and the damper tube at least partially define a compression chamber. The remote unit comprises a remote fluid chamber and, in some arrangements, an inertial valve within the remote unit that preferably is responsive to terrain-induced forces and not responsive to rider-induced forces when the shock absorber is assembled to the bicycle. The inertia valve can include at least one protective coating or layer configured to contact the reservoir shaft. A fluid flow control arrangement can utilize compression fluid flow to delay closing of the inertia valve after acceleration forces acting on the inertia valve diminish.