found this interesting formula* which is appropo of this discussion. It gives the volume efficiency of any spring system according to
U/V=k(max working stress)^2/G for a torsional system.
where
U= energy stored
V= volume of spring material
k=facor depending on spring configuration
To convert this to weight efficiency we get
U/W=U/Vd
d= density
It turns out that a helical spring with a k value of 1/5.4 (I assumed a spring index of 4) is the most efficient for weight efficiency. I calculated values for alloy steel and berrylium copper to test this formula with the following results:
Steel : 1/5.4(70000)^2/(11.5*10^6*.287)=275 in lb/lb
Berrylium copper: 1/5.4(50000)^2/(6.5*10^6*.297)= 239 in lb/lb
According to these figures (I guessed at the fatigue stresses), for steel you would need
1000*2.5/2/275 = 4.5 lbs steel (U=1000lb*2.5"/2)
and even more for Berrylium bronze. So as everybody has said these metals aren't even close to the requirement of 1 pound.
The key to getting a material is to maximize the
allowable stress^2/density. I don't think that titanium will do it but it is off the table anyway because of the cost.
* Rothbart, Mechanical Design and Systems Handbook, McGraw Hill, 1st and 2nd editions