Well, i've just spent to last 30 minutes attempting to find out the answer to your question... I found an article on bicycle frames and yes I would still shoot the arrows.. The article is long but actually has tons of interesting info on the differences between carbon, aluminum, titamium, and other metals... If you want to check it out an a expample of some of the things discussed below..
http://www.calfeedesign.com/pdf/Calfee_TWP.pdf

[align=left]Comparison of Materials Used in Bicycles[/align][align=left]STEEL [/align][align=left]Pros[/align][align=left]• Inexpensive[/align][align=left]• Strong[/align][align=left]• Stiff[/align][align=left]• Resilient and "lively" fee[/align][align=left]• Easy to work with and repair[/align][align=left]Cons[/align][align=left]• Heavy[/align][align=left]• Corrosive[/align][align=left]• Designs limited by available[/align][align=left]tubes and lugs[/align][align=left]• Brazing and welding produces[/align][align=left]weaker, heat-affected zones[/align][align=left]TITANIUM[/align][align=left]Pros[/align][align=left]• Light[/align][align=left]• Strong[/align][align=left]• Resilient and "lively" feel[/align][align=left]• Shock absorbing[/align][align=left]• Non-corrosive[/align][align=left]Cons[/align][align=left]• Expensive[/align][align=left]• Designs limited by available[/align][align=left]tubes[/align][align=left]• Not easily repaired[/align][align=left]• Bad welds are easily hidden[/align][align=left]• Stiffness is traded off for light[/align][align=left]weight[/align][align=left]ALUMINUM [/align][align=left]Pros[/align][align=left]• Inexpensive[/align][align=left]• Light[/align][align=left]• Adequately strong[/align][align=left]• Very stiff for the weight[/align][align=left]• Non-corrosive in non-salty[/align][align=left]environments[/align][align=left]Cons[/align][align=left]• Fatigue risk requires "overbuilding"[/align][align=left]• Lacks resilience and has "dead"[/align][align=left]feel[/align][align=left]• Not easily repaired[/align][align=left]• Bonded joints prone to failure[/align][align=left]• Heat treatment can be[/align][align=left]inconsistent[/align][align=left]CARBON FIBER[/align][align=left]Pros[/align][align=left]• Lightest[/align][align=left]• Strongest[/align][align=left]• Best shock absorption[/align][align=left]• Unlimited design applications[/align][align=left]• Non-corrosive[/align][align=left]• Material has high fatigue[/align][align=left]resistance[/align][align=left]• Some designs are easily[/align][align=left]repaired[/align][align=left]Cons[/align][align=left]• Expensive[/align][align=left]• Technology still evolving[/align][align=left]• Strength and stiffness are design[/align][align=left]dependent[/align][align=left]• Fully molded styles have very[/align][align=left]limited sizes[/align]