As a material for blades for the average user I think that Stellite/Talonite has the advantage over titanium. I see the priority levels for chores a knife should be able to complete as follows
1. Cutting
2. Chopping
3. Prying
Stellite/Talonite has superior edge-holding, medium chopping and inferior prying abilities. Titanium is exactly the opposite with superior prying, medium chopping and inferior edge-holding abilities.
The properties in my experience for Stellite/Talonite (not included those Im not interested in like magnetic signature or ability to induce sparks)
- excellent corrosion resistance
- excellent edge-holding
- ease of sharpening
- highly abrasion resistant
- fairly heavy
- relatively expensive (especially for big blades)
- Stellite hard to obtain in bigger sizes, Talonite easier
- not elastic, if bend doesnt return to true
And the properties for titanium
- excellent corrosion resistance
- very elastic, good prying ability
- very light
- mediocre edge-holding ability
- difficult to sharpen
- relatively expensive
- beta alloy hard to obtain
From this you can deduct that Stellite/Talonite is very suitable for smaller blades which are intended to cut well. They will hold an edge for quite a while and are easy to maintain and sharpen. If thick enough it is quite suitable for bigger blades which then tend to be quite heavy.
Titanium blades can see use in very specialized applications where the main focus is on the ability to withstand lateral force (prying ability). Those blades are very light and a pleasure to carry. The chopping ability is reduced because of the light weight. It is hard to destroy a titanium blade but on the other hand it doesnt make for a good shaver.
One point to keep in mind is that Stellite/Talonite is not the healthiest material (cobalt and nickel are not good for you or the environment), where titanium is widely used in medical instruments.