How can anyone think that a slow torpedo plane was more effective than a fast torpedo plane? The TBD had to go in slow because the US torpedos could not be dropped if the plane was going fast. They also could not be dropped from very high off the water. The Japanese torpedo could be dropped both from higher off the water and at higher speeds. The TBDs were slow while carrying a torpedo because of drag but so was the Stringbag. The Kate and later the Avenger were much faster which helped them get into position to launch when the targets were maneuvering to avoid them. The longer it took for the VT to get into position to drop the torpedo, the longer the VT was exposed to AA and fighter interference. The String bag might be doing 90-100 mph when delivering the torpedo since clean it could only do 138 mph. The TBD could do around 206 mph clean at best altitude but cruised with a torpedo at around 115 knots and it had to driop the torpedo at around 105 mph. Most of the TBDs at Midway never dropped their torpedos because the Zekes or AA got them first. Going in slow does not help accuracy if your torpedo is designed to be dropped at high speeds and from high altitude (relatively.)
The Japanese aerial torpedoes used at PH, Coral Sea and Midway could be launched at speeds up to 260 knots. The String bag or TBD couldn't go that fast with a torpedo aboard with a tailwind and in a dive.
The RN's standard torpedo bomber, by May 1942, was the Albacore, and it was overdue for replacement with the Barracuda.
RN torpedo bomber tactics called for approaching the target at medium altitude, then executing a very steep dive, with the aircraft leveling off at drop altitude, lining up on the target, releasing the torpedo and then evasive maneuvers to avoid flack. There is a very good probability that even a Swordfish would be traveling faster at release than the lumbering TBD, which, by mid 1942 was extremely overweight, and even the newest aircraft were about 3 years old.
The RN Mk XII torpedo was progressively strengthened to allow drops at up to 270 knots. The Mk XV which was introduced in 42-43 started life with 250-270 knot drop speeds.