This is a bit of a sore subject for me as I tried to find someone for Toltec for the last several years I lived in CO. It's always baffled me that people have trouble reading between the lines in the guidebook descriptions. From WWotSR, when I read the Toltec description, it tells me very little about the run because it was obviously way too high when the Durango crew dropped in. This does not mean the run is crap. I'm willing to bet that at more manageable flows that run is a good adventure with a handful of great drops. And if you don't believe that, get a hold of "The Best of Paddler Magazine."
There is a story of a group running the Toltec in T Canyons. And they do not say its a heinous portagefest.