Is tusq brand an acceptable replacement and alternative to bone or ivory for the nut and or saddle on an acoustic guitar?

I'm new to guitar and the strings that came with my guitar have lost tone and have become twangy. I'm about to change them with a set of Martin sp 80/20 bronze medium strings . I figure while doing so I'd replace hardware as well and want the best ( within reasonable cost) as possible bridge saddle , nut and bridge pins.

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