Dave,
Oops. I missed the information about overexposing by 1.5 stops, even after rating at 12800. That is about 4500, as aizan points out. Your results are still very impressive, but that explains the nice shadow detail, regardless.
The reality is that, if you're pushing any film beyond 3200, you aren't going to be spot metering the shadows anyway. And no developer out there will give you that much speed, so the idea of doing actual speed tests out at that EI range is kind of ridiculous. So it comes down to aesthetics, really. For instance:
http://www.kaiyen.com/photos/gallery/albums/film tests/txt/normal_rodinal3200.jpg
vs.
http://www.kaiyen.com/photos/gallery/albums/film tests/txt/normal_microphen3200.jpg
Is comparing Rodinal vs. Microphen. The ultimate result of my test is that you can get similar results re: shadows, midtones, and contrast control between the two developers. But forget about speed - zone III is just gone, and there isn't enough exposure to get a zone I density reading. So it's about look.
Anyway. I hope to try out rating TXT at 12800 and shooting with no exposure compensation. let's see how it comes out...
allan