I was just nerdy enough to actually attempt my own back of envelope spreadsheet. If anyone cares, it's
here. The numbers are pretty rough, and I don't pretend it's pro quality. It simply attempts to explore the issue a little.
I got a trip time of 76 minutes Toronto-London if you assume 150 mph top speeds, stops at Pearson Brampton Guelph and Kitchener, and the new bypass west of Kitchener. Close enough to the study's result to be useful for discussion.
That time increased to 82 minutes if you chose the existing route, and skipped stops at Stratford/St Marys. Add in those two stops, and the time rose only 5 minutes to 87. Drop the track speed to 110 mph, and the all stops timing on the existing route - the worst case, if you like - is 98 minutes. (deduct 14 minutes to get timings to Pearson)
What seemed to matter most is actually acceleration/deceleration rates rather than absolute top speed or number of stops. I used 1.2 mph/sec for this, a number that I pulled out of thin air. Change this to 0.8 and the timings change dramatically.