Jon:
This or questions like it have been asked on here many times.
The bottom line is that you have to look VERY hard to find a complete traditionalist/purist in here in terms of eqipment choice. Oh there are some, but they are few and far between.
And I think this is normal. As nice as it is to think about playing with the old stuff, and as fun as it is as a change of pace, in the end most of us still do compete, one way or the other. And this game remains hard enough without giving one's opponents, or the course, such a huge advantage.
I have a set of hickories and I do play with them from time to time and it is fun. I also still have persimmon woods and old bladey irons, and that too is fun.
But it's suicide if I use that stuff in competition, obviously.
And most rounds do have some competitive aspect to them.
TH