Chromoly gets my vote. lighter and stronger than mild steel, and it's never let me down. My current frame is 13-butted chromoly and takes a beating every day. Trust me, chromoly does bend quite a bit before it breaks. I bent the downtube in half on my old Fit frame.
*edit* I just realized no one would know what I was talking about, so here's an example. my old bike:
*edit* I just realized no one would know what I was talking about, so here's an example. my old bike:
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