Frank, et.al.,
This is actually something I have spent quite a bit of time thinking about. The best solution I could come up with was a roller system and like Turboguzzi says, would require completely different cam geometry. By the time you hang a roller of sufficient diameter on the end, I don't know if there would be any weight reduction but likely would have less friction. Maybe if the ratios were changed as mentioned previously, the spring would have more levereage to return the roller weight. The rocker would have to be longer on the spring side. That also gets the higher lift ratio that Johno wants. Might require a valve stem cap or a larger diameter adjusting screw to stay on top of the valve with the extra motion. Haven't laid that out to know for sure.
Pretty sure the roller rockers from some years back just had roller bearings for the pivot shaft. Not a true roller rocker as we are discussing here.
The ideal trick, I think, would be to figure out how to weld a hardface on Ti. Generally the Ti base will develop stress cracks when a dissimilar material is welded to it because the thermal conductivity, expansion, and contraction rates are significantly different between Ti and hardface materials. Like I said before, Ti is funny stuff and easily galls as well. It would definitely require a bearing/bushing for the pivot shaft.