Several reasons - first of all, it's a difficult repair if you mess it up. The epoxy will contaminate your substrates, and it's difficult to get both surfaces clean enough to hold again. It's worse if you don't get the mix right. It might not ever cure, or just take a long time. Epoxy has it's place - but very seldom is it appropriate for instrument work. The whole point is that it's repairable - not permanent.
What makes you think epoxy is stronger? It's strictly a physical bond, while Titebond (or any other yellow aliphatic resin) bonds physically and chemically. Since Titebond is water based, it's absorbed into the wood grain. Epoxy does not. There have been many instances shown where a glue joint with Titebond is stronger than wood by itself.