Hi Kelvin
I have both traction control & traditional Diff locks.
They both work well.
However, traction control will only kick in when the computer sences a wheel slipping (Reactive)
L......
your first part is spot on,
the second part, not necessarily. I just got back from Tasmania and one of tracks I had to winch 5x in the first 5km..... (twin locked on 35") - just no traction at all or mud way to deep - 99.9999% seems a bit too high ;)
Last year I went Madigan Line and when I got to Big Red I made it nearly all the way up, by about 50cm - the front wheels where on top already. Again twin locked. Instead of going back and try again with lower pressures I turned the lockers off and used the handbreak as T/C (my car doesn't has T/C) - got up the last 50cm without a drama, whereas locked I didn't.
Sometimes a little bit of slip is of advantage and having the wheel without traction spinning is not always good. T/C will stop that wheel from spinning, just think about sand where the spinning wheel will dig you in.
For those who have cars without T/C - your handbreak can be used as manual rear wheel T/C, but its not as good as the computer controlled factory things ;)