It's an old article, I think originally submitted to VeloNews in installments. The info about CF is somewhat dated, but still good stuff.
http://www2.sjsu.edu/orgs/asmtms/artcle/articl.htm

Do a web search on Scot Nicol if you have questions about the veracity of the author.

My observation among the riders I know or have observed over the years is that the ones with good steel or Ti bikes in their stables seem to hang on to them, and sort of fall back on them as their "gold standards." Actions speak louder than words.