"Billet" just means at some point the material went through a cogging process to turn a short, fat lump into a longer, skinnier lump. Base material and engineering have way more to do with a part's strength than does whether or not it started life as a "billet" for what we're talking about. Not exactly a forging, and may as well start with plate (which is probably what 99% of so called billet parts are machined from anyway).
The difference betweed solid "billet", AZCar, or stock control arms is going to be diddly/squat wrt handling and ride. Ride, or what most people think is ride, and NVH, is all about bushings, shocks, and the ratio of sprung to unsprung weight. Handling and braking is probably 95% tires and driver for the normal range of streetable mods- i.e. any front running ITS driver would kick your butt on a road course with a $250 suspension and stock brakes if you let him mount up his Hoosiers and some HT-9 pads. The rest is just for show.
Eh, that's just what I think.