I've designed many baja cars, and been around the competition for many years. I think your choice of material should be based upon what race (East, Midwest, or West) that you are competiting in. For an example, in the east race the chances for hitting a tree, rock, another car, or any ostacle with the a-arms of your suspension is extremly high because of the tracks that are used for the east event. In the east race i would use nothing but 4130N tubing(because of its high energy absorption) to give you at least a chance to save your suspension in the event of an impact of some sorts. In the midwest competition, the track is wide and smooth, and consists of just jumps, woops, and table tops. For the midwest you can run 6061 arms or carbon arms because the chances of hitting your suspension on something is close to nothing unless you have a REALLY bad driver. The west is the same type of aggressive track as the east, except it has a boatload more rocks, more like boulders. When it comes to carbon or any composites on a Baja car, don't forget about your cost report!, if you are very familiar with the many different types of manufacturing processes involve with composites then i'd say your good, but if you arn't it might bring you many problems when it comes time to cost out your suspension. One thing you might consider for a-arms would be to triangulate your shock mount rather than put it in bending(a tube across one of the arms), you can save a good amount of weight if you correctly triangulate forces (you'd be amazed actually).
Adam
Team Chemical Interaction
Wentworth Institute of Technology Mini-Baja