Suffice to say, that I did have a little first hand experience working with various alloys and their variants after 39 years as a Nuclear Qualified ToolMaker in the Nuclear Industry. That aside....
My Benchmade AFCK titanium liner lock EDC for 13 years, used only on cutting fruits for lunch(I respect tools, that is how I used my EDC), before I retired. Blade is made of ATS-34, stayed razor sharp, never sharpen in the 13 years. Out of sentimental reason, recently gave it an mirror polish edge on my WEP before retiring it among my collections. Liner lock engagement when new was 25% in 1996, now at retirement it is > 60%. Liner lock is sticky to say the least.
Among other favorite alloys, I do like working with Titanium, made custom parts to lighten, when I was building my 18 lbs. Guerciotti road bike, back in 1983. My current pocket rocket 1000cc motorcycle has titanium headers, axles and....
Among others, this is what I made recently for my "other" toy:
Titanium has many great attributes. But using titanium directly as an race washer for thrust bearing or directly against the harden tang of a knife, not so much as my preference. Softer titanium (work harden property) not with standing, repeated contact with heat treated steel, it will always ended up as an sacrificial element and resulted with uncontrolled clearance among associated components.
Hint: Take a look on the Sypderco Domino, it employs outer harden washers on the pivot thrust bearing and stainless insert on the titanium frame lock. I do appreciate precision tools. That is one of my favorites while watching TV or while reading forum postings. It screams flip me and I frequently do for shear pleasure. Thousands of flips later and it is fresh like the day when I first flipped it. To me, if Domino gotten smoother or looser after thousands of repeated flips, needs periodic adjustments, I interpret that as components gave in to wear. Pretty good, I suppose, my Domino never got better. I am happy with that.
I don't know much, I can speak only based on what I know. Sorry if it sounded like hog wash!