ShonTron
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I have ridden the L several times and wouldn't kid myself by saying the TTC's system (I assume you mean subway only) is better than the L. TTC subway is more frequent on less trackage and I notice that L seems to primarily be a way of transporting the poor and suffering, while most of those with money don't consider it as a serious option. I've seen bad things on the TTC subway, but nothing like what goes on on the L.
Besides that, the L provides better coverage and has stations at 2 airports, has express and local sections, and blue/red lines run 24 hours/day. As far as I can tell, the TTC subway, which again is a nicer riding experience, has trouble staying open more than 5 days/week, nevermind 24 hours/day.
I would still pick coverage and 24 hour service as the winner though.
No. The L is well used by middle class and some wealthier commuters, like the subways in New York and Washington and even LA. It's true that the system goes through some very rough areas on the South and West Sides, but it is hardly "a way of transporting the poor and suffering." That's ridiculous.
Yes, the Loop can be very slow, especially during rush hours as track junctions are not grade separated, but that's why Chicago built two subways in its downtown core in the 1940s and 1950s and rerouted several of its services into those tunnels. As for the at-grade sections of the Pink, Purple, and Brown Lines, there at at the ends of those lines and offer complete train priority. They're railway crossings, and just an interesting exception to the rule for urban heavy-rail metro transit systems.