About Titanium rods...
Some inherent problems with using Ti rods that I think you guys are overlooking...
Ti likes to gall, meaning it will sort of "exhange metals" with steel when they're rubbing against each other. Material will transfer from one side to another so you have to be carefull with your steel bolts with Ti (by getting coatings or silver platings on them). Also, the Ti rod is going to want to stick to the sides of your rod journal, so the whole Ti rod has to be coated (with something like moly disulfide and titanium nitride, etc).
Ti is also notch sensitive. If it collects stratches on the surface, it will form cracks.
Ti also has half the endurance strenght of 4340 steel. So before going on about how Skylines use titanium rods and whatnot, those engines are built to last for minutes. Those engines have immensely high rev ceilings (11,000rpms+) and they are constantly torn down and have their deformed/broken parts replaced. But thats the price you pay for making that kind of power. Same goes for those 6000-7000hp Top Fuelers Methanol Dragsters... They use aluminum connecting rods which are usually found broken or stretched, as a minimum, after a run.
Your interest should be towards reducing the weight of the piston, not the crankshaft. The piston is at the very end of the rotating assembly, thus having the largest affect on the assembly.