PM con rods are forged, which eliminates the porosity inherent in the PM process. That is the only reason PM can be used for con rods. The only advantage PM offers for con rods is the elimination of some machining steps, and hence, a lower cost.
PM for gears in only for light load applications, and again, the advantage is lower machining costs.
William Gunnar is correct that PM materials are expensive - very expensive. The final part cost may be lower due to lower manufacturing costs (like machining). He mentioned wear - PM is used for valve seats made from high alloy materials that have low formability, so the sintering route provides a way to make the part that isn't possible with conventional forming techniques.
Regards,
Cory
Please see FAQ731-376 for tips on how to make the best use of Eng-Tips Fora.