I think the Titus watches get kind of an unfair comparison with the likes of Omega etc. Their electronic watches use the exact same ESA 9162 movements (except for a few very minor cosmetic differences) as the Omega F300's, Eterna Sonics, Tronosonics, etc. and the quality of construction seems to be equal to the Omegas using the same movement.
The Titus designs are rather uninspired and derivative, though, so I can certainly understand the bias on the basis of design. Omega certainly deserves kudos for their past technical innovation, although people sometimes tend to ascribe magical properties to Omegas that may not necessarily be the case.
Concerning precision and reliability:
It seems that a high percentage of Omegas movements of various types are no longer functioning, particularly the f300, Megasonic, Electroquartz, and Megaquartz movements. By comparison, a pretty high percentage of simple pin lever and electronic movements (Timex etc) from the same era are still functioning. It may be that the Timex's that are no longer working are simply thrown away, skewing the percentages, but I think it's more than that. Sometimes, highly engineered devices have very tight tolerances and are more prone to failure by design, so failure rate is not necessarily an indication of precision and in some cases the relationship can even be inverted.
-abe.