That surprises me actually. It's just about as light as ti frames sensibly get without expensive shaping of the tubes. I didn't realise they made ti mtb frames as light as that as early as 1990/91. Perhaps Mr Bailey's skill as a welder compensated for the lack of grammes in the tubes.
I suppose it goes against my 'bomb-proof' argument, but I still wouldn't have any qualms riding that frame, especially with a Syncros fork. Try not to wrap it round any trees though Frank.
It reminds me of an occasion when I was riding behind tintin40 on his Trimble, down a trail covered with wet leaves, cambering down to the left and with lateral roots invisible under the leaves. My Equipe wasn't enjoying it at all, but it was a hell of a lot more stable than the Trimble which was giving Tony a really hard time. Eventually it snaked completely out of control and threw itself off the left hand side of the trail into a tree and like a true retrobiker Tony threw himself head-first at the tree (no helmet) in order to protect the bike from damage. He cut his head but he was more worried about the Trimble, and also insisted it wasn't the bike's fault it was Wu-Tangled's fault for distracting him with his phone ringing. That's love I guess. I mean, he loves the Trimble, not Wu-Tangled. Well, not as far as I'm aware anyway.
I reckon if you treat the Titanium Race (or is it a Titanium Competition?) with similar care, it ought to be ok.