I think there is little debate that Spectacular Bid was a faster horse. The thing is, Slew had this whole mystique thing going for him in droves. He was a cool horse with a cool name and the pretty horsey people love slew and thats why he gets rated higher in these polls.
Did anybody ever read the book "stud"? I loved the way Slew was described in there. The author said he had a "miles davis kind of cool". I know that you are talking strictly about speed and racehorse ability but that aura thing is why people tend to overrate the brilliance that he showed on the track.
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