Look at the chart again. You'll see that identical steel vs titanium frames would be about equal in strength, but that the titanium frame would be about half the weight and half the stiffness. Such a frame would likely have a whippy feel due to the reduced stiffness, especially in loaded touring applications. To compensate, builders of titanium frames use somewhat larger diameter tubes to bring the stiffness more into line with what riders like. This tends to increase the weight a bit, but by making the walls of the larger tubes a bit thinner, they can compensate to some extent, and come up with a frame that is still lighter than a normal steel frame.
oh and it goes with Mr Sheldon too