Hi
To understand why a CrMo part may have a shorter live than a similar mild steel part you have to understand the difference of this two materials.
1. CrMo has nearly double the strength than mild steel. That's good.
2. The higher the strength gets the more the steel tends to be brittle. That's bad.
3. What is even more importand is the
elongation which the percentage a steel can be stretched before it breaks.
As you can see CrMo used in aircraft and helicopters CrMo is the better material for chassis and if it is designed correctly there should be never a problem with it's life.
If it's designed "on the edge" you have to take care, but it's not the time it's the load and the cycles that shortens the life.
As Top Fuel cars have no suspension and the chassis has to flex to do this job it is definitely designed on the edge, it also has to take enormous loads from the engine an when tire shake occurs.
More than often failures are caused by the design than by the strength (wheelie bars).
check out this video to understand what tireshake does and how a wheelie bar has do be designed to flex.
http://www.youtube.com/v/mfJejgODr3EMeXX