I've had some had experiences with linerlockers, although all of them were what you might consider "lower end".
1. Outdoor Edge Magna, Al scales. I posted about this one, I inadvertantly rapped the back of the knife against a desk, and gave me a bloody gash across the knuckle, the scar's still there. Easily something that could be replicated under normal working conditions.
2. CRKT Mirage, Zytel. First, the lock slipped under a white knuckle grip. I filed the exposed part of the liner off, and thought nothing more of the locking mechanism, as it *seemed* sound. Then, I was working on some cardboard and while pulling it out, the blade dragged against the ground beneath and closed partway (I was holding the knife in a reverse grip), luckily no blood this time.
3. Kershaw Vapor, the smaller version. I've worn the lock down pretty well, and the spring was around 3/4 of the way down the blade tang. I was working with some water and WD40, blade tang slipped, knife closed partway.
Overall, not exactly a good track record for linerlockers in my experience. I think I'll stick with other locks for EDCs, but maybe I'll find a well made, higher-end linerlocker that meets my needs. But I doubt it. Although it may be reliable and strong enough in many cases, it doesn't compare to something like the AXIS lock, IMO, which is much more reliable and less susceptible to failure through a variety of reasons. When using a folding knife (essentially a broken fixed blade), I'd rather not get a knife with a lock that's "good enough"; buying the best available is only natural.
Maybe I'm just unlucky, but...I should mention that I inspected the linerlock on the Mirage at the hardware store where I bought it, and it *looked* solid (locked up half-way across blade tang, etc,) in outward appearance.
For me, the spine-whack test in now standard for any knives that come under my possession. Somehow, the idea of four plus inches of razor sharp steel landing forcefully against my fingers distresses me greatly.
Edited for spelling, content.