The only problem I see with lockbacks locking waved blades is that there is a lot of force against the actual locking mechanism: the tang is always going to clack against the bar. In a compression or Axis Lock, though, the tang is always going to be hitting a non-moving piece: the stop pin. I think this is better than hitting the actual lock bar of a backlock.
The only problem I see with the BM Axis is the springs. With such fast deployment of the blade, the speed at which the lock pin and therefore springs are going to move will be greatly increased, and when it "hits" the "done moving" position, there will be a lot more force (decelerating from a high speed to zero in such a short period of time = much more force).
It's basically the compression lock of lockbacks. I'd use this as an analogy:
liner lock : compression lock :: backlock : triad lock
You should care, because cold steel or not, the Espada held over 600 lbs!