Commons users without admin accounts are able to revert to previous versions of files with cascading protection (not manual protection). I don't know how long this has been the case, but a user just performed such a reversion to a cascade-protected image on the main page of the English Wikipedia: https://commons.wikimedia.org/wiki/File:Malcolm_Turnbull_at_the_Pentagon_2016_cropped.jpg (The action wasn't malicious in this instance.) I logged in to my non-admin test account and confirmed that this is possible.
I just set up a cascade-protected page with test transclusions of an image, a video file and an audio file: https://commons.wikimedia.org/wiki/User:David_Levy/Test I was able to perform reversions to all three via my non-admin test account.