I have a good understanding of the basic characteristics for the common metals used but I never did a detailed comparison of their strength vs weight properties. I decided to do a direct comparison of the most common materials used in F1 cans and came up with this table.
The yield strengths were obtained from major metal supplier data sheets. The numbers will vary a bit by manufacturer and specific grade but the numbers used here are typical for the material. The bursting pressures (yield pressure to be exact since I used yield not ultimate strength) were calculated from this site: http://www.engineersedge.com/calculator ... t_calc.htm
Specific strength is the yield strength divided by the density. This gives a direct comparison of the strength based on weight.

A few observations and comments.
The grade 5 Titanium (strongest of the commonly available Ti alloys) has the best weight to strength of the materials in this comparison. It is generally not available as seamless tubing.
A common question on this forum is which aluminum alloy to use. 7075 has nearly double the bursting strength of 6061. Unfortunately 7075 is generally not available as tubing to the small volume buyer. Aluminum also has a low service temperature and is prone to stress fatigue.
The 300 series stainless steels are the most common material chosen for the silencer tube. Seeing how poorly it stacks up in strength is an eye opener.
17-4 stainless is probably the strongest stainless steel commonly available. In the H900 condition it has nearly 5 times the yield strength of 316ss and has a Rc hardness in the low 40s. Even in the annealed form 17-4 has 3.5 times the strength of 316ss. 17-4 ss will maintain this strength ratio vs 316 up to 1000 F. It is available as seamless tubing unfortunately I have yet to find a supplier that sells in small quantities.
Hope this is useful