My experience with aluminum & steel versions of "danforth style" anchors is this –
There are A LOT of times when I really appreciate the reduced weight of aluminum over steel. Steel & aluminum anchors of the same dimensions both seem to hold about as well when both are dug in properly. The reduced weight density of the aluminum sometimes lets me go to a larger size anchor that will hold better than a steel anchor of the same weight. In somewhat hard bottoms, the aluminum will sometimes not dig in, where the steel will. When the anchor is dug in firmly in a strong bottom, the better quality steel anchors seem to resist bending better than the aluminum anchors do, when the tide/wind shifts. When you open up the angle on the aluminum anchors, they do hold much better in soft mud but they then have a much harder time getting a bite in any bottom that is not very soft.
I own both steel & aluminum “danforth style” anchors. I continue to use both types. I also own other types of anchors & use them sometimes, depending on conditions.