Good points and good discussion.
I think that it is important to "peel the onion" in making these determinations. Also one must include "time" and refinement" in analysis.
Any lock can fail. If you didn't hear it. Any lock can fail.
Locks are bits of metal cut to very close tolerances and carefully balanced heat treats. The interface area is ciritical.
Failure can occur from error, out of spec, wear (time), dirt affecting the interface, excess force, which bends or coins the interface, etc.
Locks require maintenance, attention, occasional light spine tap to check. In case you didn't hear that, light is the key word. I see many locks that have seen "death by spine-wack". Expectations are often too high in this area, in my opinion. If a light tap defeats the lock, then inspection, cleaning, etc can save the lock. Each time it defeats, it "breaks" a tiny bit more. Continual spine whacking without making a change and expecting a change is not logical. It also ruins the lock.
With that in mind.
Each lock mechanism has advantages and disadvantages. Manufactures continually refine to reduce disadvantages. Eg: We're on our 3rd lock material on our Military in 10 years. As manufacturers learn more, they improve. (time again).
The Walker linerlock has some very nice advantages; easy one hand open and close, smooth action, easy to overcome closing force for easy opening, takes up little space affording far more flexibility in design. Simplicity of concept.
disadvantages; it's difficult to make reliablle. Much attention needs to be paid to the materials and hardness of the blade material (tang) and lock interface. (This is also true of lock-backs, Axis-locks, compression-locks, E-Locks, Reeve-Integral-Locks, ball-bearing-locks, etc).
On the Military we've contually refined this area. We use an offset concave arc ramp for greater reliability. We precisely control angles and hardness of the interface materials. We've gone to dual nested liners (very close tolerance) with focus on greater ridgidity. We could go to a LAWKS like CRKT and we' ve considered it, but at this time, we would prefer to evolve the Walker Linerlock to improve reliability without the addtional parts.
Does this make it perfect? Of course not. Any lock can fail.
But with the constantly improved materials, tolerances, hardness balance, they get better and better.
This is, IMO, true of any lock.
sal