Waverider, if you can find some 0.035 titanium alloy it will be strong enough for guns up to 60" rubber pull. Fill it with 3# foam for buoyancy.
I saw a big aluminum gun buckle. It was a heavily loaded Sea Hunter Custom with 60" pull. The gun with muzzle and aluminum grooved barrel was 1 1/4 X0.035 X 69 . So, titanium of the same dimensions should be plenty strong.
I'd better add the fact that I saw these guns in use in all kinds of situations for many years, saw 250lb black sea bass taken with them, and only after years of fatigue and corrosion, did I see one fail. We went to stainless steel with our replacements, but titanium alloy should be fine for your purposes, just a tad thicker.
Pure titanium has crap for tensile strength. This stuff is rare in the retail market but sometimes tubing which is intended for corrosives is made of commercially pure metal. Almost any alloy one can name has huge strength.