I've owned one of each. Motor was great on the TLS, it had the damper changed for a Penske and helped the handling, but nothing could change that fact that it weighed a ton, and felt like it. The VTR was the best carbureted bike I've owned, despite the giant 48mm carbs, and the smoothest v-twin as well (none of the cantakerous stalling, coughing, sputtering, etc. that seems standard on high performance twins). It did everything well but the seat and fuel capacity hurt it on longer rides. The front brakes suffered due to their smaller diameter.
If I could do it again, I'd get the VTR and address the problems above. Or get a v-4, which are apparently magic.