Insomniac,
Yes, that was a fairly rash statement. But the fact is that that TOGA does not command bug+20 if you increase the speed on the MCP.
Jolly,
I don't think it says that LVL CHG automatically selects N1, it just says that it inhibits automatic selection for a period of time. That doesn't mean to say it doesn't, just that it doesn't say it does (at least not unambiguously).
Rat 5,
I don't think so, the acceleration pitch seems roughly the same for MCP SPD and TOGA FMAs accordingly. There is a mention of acceleration bounds in the FCTM for OEI with the advice to leave it in TOGA until flaps up clean speed.