Its all about stability at differing temperatures, steel changes its flexibility quite a bit with temperature, throwing off a timepieces rate.
If you really want to bend your brain, check out Gould's "The Marine Chronometer". Seems 200 years ago our friend Breguet made several experimental chronometers with GLASS hairsprings and cylindrical glass balances. These were too difficult to make to go into series production but were tough enough in use that when one was dropped, the balance staff broke, but not the glass spring.
Click to expand...