Very few if any drawbacks.
1. Cost is really the only one.
2. The wearing properties and galling that Daniel mentions above are could be real dangers for mechanisms. However, these problems could be completely eliminated by shot peening and coating/treating. I am not an engineer, but I sat behind one for several years who had decades of experience with Ti. We had these conversations about Ti all the time. I might be wrong, but unless you have high loads, and are sliding at a frequent rate/ long duration, then you should not have any galling problems. It's a speargun mechanism, not an automobile transmission.
For Knives, Most Titanium alloys will not be able to hold an edge very well. You would need to use "Beta C" or another alloy(name escapes me). These can be heat treated to Rockwell Hardness 40c and higher
Last edited by dustyyoungblood; 02-07-2012 at 12:21 AM..
Reason: added #2
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