Both great if made properly by experienced builders...
I have posted charts, data and info regarding titanium (from a company that builds with Ti) for people to peruse, read and research (the thread was originally about Ti)...
Bottom line, titanium looks good in that report...
So, to balance out the universe, and because this thread inquires about CF, as well...
Here is some data and info from Calfee Design (a company that builds with CF)...
There are 10-pages of quick read info...the title states clearly, "Bicycle Frame Materials Comparison with a Focus on Carbon Fiber Construction Methods" (be forewarned, CF looks good...although page 4 lists pros and cons you may or may not agree with)...
http://www.calfeedesign.com/whitepaper1.htm
Also, here is a link to "Grades of Carbon Fiber"
http://www.calfeedesign.com/GradesofCarbon.htm
Just to stay politically correct (for those who still like to argue, yes, I am including 2 links for CF, but only 1 link for Ti...boohoo...google "titanium" and click away...), a link to Moots...click on "Why Ti"
http://moots.com/our-craft/
Please do not read into this post. I <3 Titanium... I <3 Carbon Fiber...
This is not my vote for or against Moots or Calfee (it would be a bamboo mountain bike, anyway)...