The standoffs are a functional improvement, period. Tapping steel into steel is just flat out stronger than tapping steel into titanium. It's not a downgrade from the back spacer. Liking the LOOK of the spacer is a valid complaint against the standoffs, but accusing EKI of cheapening the product quality is just plain ridiculous.
I actually used to like standoffs, but these days I'm liking backspacers more. The more coverage the better.
I'd argue that a good backspacer is a functional improvement in that part of the function of a folder handle is to protect the blade when closed. The backspacer keeps crap from hitting and damaging the edge.