Worked in Halfords 94 -00 as a cycle mechanic / sale assistant (before bike hut, when I had to bring my own kit from home to do some jobs), I've seen a fair few crumpled frames, snapped bars and shattered wheels...but that's what happens when you give a £150 bike to a teenager. Quality is in the engineering be it steel, aluminium or other wise... but things wear out...right kit for the job...
For me alloy fixtures and fittings have never been an issue...and the weight benefits are plain to see...