I have a Kit Carson #18 folder with a 4 1/4" Stellite (r) blade. The carbon fiber scales are without liners, and the Ti liner lock is inlaid; total liner lock length is 2 5/8". This knife weighs 3 oz., and balances at the pivot point. It has been reliable, although I have not stressed it severely.
Of course, if strength is your primary consideration, then Ti scales and a full liner would be more appropriate, although the knife would weigh about twice as much as the carbon fiber one.
Regarding the toxicity of carbon fiber, I have been unable to verify its' toxicity. Here is the website where MSDS's can be obtained most readily:
http://siri.uvm.edu/msds/
Here is the page where several types of carbon fiber MSDS's are posted:
http://siri.uvm.edu/msds/index/gw.cgi?query=carbon+fiber&whole=partial&start=0
From reading a few of these, it would appear that you need to inhale a lot of carbon fiber dust for a long time before anything at all to happen, and then it acts like any irritant, causing pulmonary fibrosis (scarring of lung tissue), and emphysema.
Of course, YMMV, and I suggest that you read these data yourself.
TPFKAWWMD
(in a show of solidarity with those posters who wish to remain anonymous, I am now known as The Poster Formerly Known As Walter Welch, MD
)