My usual caveats: I defer to someone more knowledgeable. I barely know what I'm talking about.
My guess:
The yield strength would dictate how well it works in surviving as a spring. Ti has a great strength here, and would be valid for this purpose.
Titanium has a much lower wear resistance than hardened steel. If the rocker and pocket are hardened steel, it would be far harder than the Ti and wear it away over time. This takes into consideration grit (sand, etc) getting inside and acting as an abrasive.
I doubt it would be noticeable for a long time, but it would probably first get "sticky" as the Ti galls, then the spring exert less force as it wears away.
Since the spring force isn't likely to ever increase beyond where you set it, and it would probably be far lower than the maximum strength, it shouldn't matter which you choose (steel/Ti)
So the degradation over time would be the reason I would view it as an inferior choice.