I love my L1 Compact but I've never used it in really tight spaces. I also ended up with both a T1 and T4S Tonematch.
The Compact *should* be less feedbacky. In terms of longevity, with an eye toward buying used, mine has had only light use so I don't have personal experience. But a very popular local guy has been gigging his for at least a few years (ALL the time like 3-4 gigs per weekend, spring thorugh fall) apparently without any issues.
Still, personally I would want to buy that item new if I had the option.
The T4S advantages include a three-band parametric EQ (versus 1), better overall input/outputs, headphone jack, and I like the display much better. But The T1 is feature-packed too, and many early adopters of the T4S complained that the reverb wasn't as nice as the T1. But that could have just been love of the familiar.
Plus you could always buy a non-Tonematch mixer as you know. With the Compact, you don't have one key benefit of Tonematches anyway: Getting both signal and power with the Cat 5 cable instead of having to lug around the power brick.
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