I understand that the Color of Money match was very meaningful, but I don't think that it necessarily means that Efren was a better 9 ball player. Earl's 5 US Opens and World Titles do indicate that he was the better 9 ball player overall.
Gotta give credit to Efren though for playing great on that final day. It was mostly Efren playing great, but Earl played somewhat of a role in his own demise by melting down at the very end.
Not to diminish those accomplishments, since Earl is pretty much the Nicklaus of tournament 9 ball, but (probably going to sound like a broken record) I'm just basing my perspective on how old school players felt about tournies vs. the "backroom."
Parica was never really that dominant in tournaments, yet all these World Champions dodged him, and/or needed weight if they played him, meaning they felt they weren't better players even if they had more tournament trophies.
And I do think Earl is a better 9 baller than Efren, whether in a tourney or the backroom. He really should've won the Color of Money by 20 or 30 games, but he choked, and kind of like the 17-0 Patriots (a much better team than the Giants, who probably win that match up 90 times out of 100), Earl didn't shine in the clutch in what was probably the most important match of his career at that point, and something pool fans will always point to in the Earl vs. Efren rivalry.
Maybe Earl scalped Efren in more challenge matches we don't know about, but Efren will always have that notch in his belt: winning a long race challenge match for the biggest purse in pool history (at the time) against the supposed best 9 ball player in history.
It's painful stuff, and why I never really watched that match. Couldn't imagine how Earl felt.