No way does titanium work harden to anything like steel hardness, especially annealed 6al4v as used in handles,... and bearings chew up steel races, eventually. And what happens to those expensive precise clearances paid for, when the titanium "deforms" (more like a worn groove "deforms")?
It all depends on what somebody's idea of "lasts good enough" is....
as a retired aviation tech, I say it flatly is a terrible idea. Period. Anyone is free to argue, ...anyone is free also to resole their sneakers with waffles leftover from breakfast, the only difference between the two, being one of degree, where your wife's waffles may last a lot longer than mine.
They do not add the weight and expense of cages and races to machines for no reason at all. Wanting to believe them not required is not going to change the way the universe runs, or machines work....or don't work.