It is rather darkly amusing to read so many attempts at technical analysis by non-engineering bass players.
I actually have some background in the applied mechanics of layered structures, like a bass neck; and I have to honestly say that I have no idea what the performance difference between graphite and titanium reinforcing bars would be.
Density doesn’t have much to do with the problem, except for weight and balance. I too have had one of those Warmoth necks with the steel reinforcing rods, which I’ve owned since 1988. It has spent the past 28 years sitting in my closet, because...well I just don’t like it. Probably should sell it. Heavy and unresponsive would be adjectives I’d use; but, wouldn’t sound good in a classified ad.
I do have basses with either graphite reinforcing bars or whole necks. Good stuff.
Graphite vs Titanium as reinforcing bars? No idea, and I doubt the comparison is theoretically predictable. The titanium is certainly lighter than steel. So solves that issue. How the two materials affect playing characteristics. I suspect you would need to talk to some of the luthiers, such as Roger Sadowsky or Mike Tobias to see if they have actually done any comparative studies between otherwise similar instruments.
It’s a good Q. I’m not aware of any solid relevant data, and not otherwise predictable, IMO.