I guess you've never ridden an old Vitus or a Calfee carbon frame. As Kerry posts, it's not about the material but how it's designed/used.
Vitus were flippy back in the 80s, but they were aluminum frames, with oversized lugs and 1" top tubes, 1 1/8th down tubes, that fit the same jigs as the steel frames. I've heard the Vitus lugged carbon bikes LeMond rode were maybe a little lighter than steel but performed as well. By today's carbon standards, they were probably stiffer, but the skinny 1" tubing probably absorbed shocks satisfactorily, despite the stiffer tubing.
It took Cannondale 10 years before they got the nerve to skinny down their fat tubing for fear the stuff might tear apart from torsional flex. Manufacturers also put alloys in aluminum tubing to give it a greater "modulus of elasticity," mainly as a safeguard against breaking rather than shock absorption and rider comfort. That would be handled by the tires and forks. Tubbies give such a nice ride! And they stuck with steel forks 10 more years after aluminum and carbon frames came on.
Calfee and Colnago have stuck to skinny tubing and lugs to absorb shocks like steel. Chinese carbon frames all have really skinny seat stays to absorb shocks. Don't have to go pencil thin with steel and it's thus stronger and more durable.
So I must disagree that a good builder can make any material, steel, aluminum, or carbon, ride the way he designs it. The first parameters are in the tubing choice, the second, in the geometry. These determine the personality of the bike. The wheels and drive train dress it up, but don't change this personality.
Ask any builder what he thinks of steel, aluminum, carbon? It's very difficult to engineer aluminum or carbon to equal the combination of response and comfort that comes naturally in 1" steel. Sure, builder can screw up with steel, but designers of carbon and aluminum have to jump through hoops and still can't get it quite right compared to steel.
The subtleties of the machine are a nice part of riding. Don't knock it! Wheel balancing weights? Sure, if it floats your boat!
