From personal experience I would not use aluminum as a bearing material. Galls up so damn easy, unless you use an MMC.
I'd be pretty iffy on using carbon fiber con rods. You'd have to do some wicked fiber layout, do it very repeatedly, and get some serious fatigue data in there. Beyond that I doubt you'll find a resin that will go up to engine temperatures and not transition to glass or straight up turn to liquid or burn.
Forged Titanium would probably be my choice, or something like 300M steel (S155 I believe for you English types). Titanium can have really high endurance limits, can be super light. Will stretch appreciably more than steel but you can account for this.
300M just by nature of being absurdly strong you can make fairly light/thin sections from.