I would have assumed bidirectional service on a single track would imply that you're still using both platforms, but that north and southbound trains would take turns using one set of tracks. In that sort of set up I think you would need to use both platforms, to give oncoming trains a place where they can pass.
Thinking...
I imagine that this could happen but only at specific stations (near locations where there are crossovers). This doesn't preclude that some stations may see both directions serving only one platform, given that 7-minutes means a train has already dived half the downtown "U".
A hypothetical decrease in frequency to 24hour-streetcar-style ~15-minute frequency (approx) during the 1:30-5:00am wee hours, seems to allow a subway train to do the complete "U" in both directions on just only one side. With such large headways (no speed retarding for train ahead/behind), the light commuter traffic permitting short dwells, and the new signalling, the trains can presumably run the whole U pretty quickly (compared to daytime) to permit one-track one-platform operation of both directions in the downtown core. In this case, the train-passing crossovers can easily happen near Bloor, and only one track / one platform at all stations in the downtown "U" can be used for both directions. On some nights both directions serve one platform, and on other nights both directions would serve other platforms.
This really, really simplifies nightly maintenance during 24/7 operation as crew can continuously work on one track while the subway is using the other. Then it would alternate the next night.
I imagine there'll be multiple levels of offpeak service, depending on where the train-passing crossovers are used, and if reduced headways are run during the overnight period (to permit uninterrupted maintenance on one track). Allowing one track/one platform to remain unused at several stations seems really one of the only ways to let TTC run 24 hour service.
Regardless of what service plan occurs, changeable-message-signs for "NORTH"/"SOUTH" will still be needed.
Anyone have a map of all the TTC crossovers where trains are able to switch tracks between platforms? How tight headways can we achieve with existing crossovers -- while allowing trains to use only one track/one platform at most stations for both directions? Enough crossovers would need to be available in order to use different crossover stations on different nights, to permit different stations to act as passing stations (both platforms in use), with a single-track (for both directions) for a stretch of several subway stations.
Also, would new crossovers be needed? If so, how expensive is it to retrofit new underground train-passing crossovers? I presume the wall between the two tracks can be knocked down and crossovers added, so it doesn't require underground corridor widening -- mainly a structural engineering issue where the median wall is load-supporting. Presumably, two would crossovers be needed at close intervals -- one on each side of select stations -- to do the go-around for passing trains (Ottawa O-Train style at Carleton University).
So basically -- PTC system and enough crossovers -- and you can do uninterrupted continuous maintenance of track for several-station-stretches, during 24/7 subway operation.