Ozone 7 Advanced is a very good piece of gear, Ozone 6 wasn't as bad as they make out, mainly people were upset with the removal, and apparent removal of certain things like the reverb and presets and such, with the presets there were plenty of presets available, a lot seemed to not be aware of how to them, and what started at the beginning just seemed to flow on in ignorance of the actual reality. Also a lot seemed to get disgruntled that certain options/modules were Advanced only. Wasn't so much the quality of what could be achieved, Ozone 6 Advanced was another fine piece of gear.
I own all the T-Racks stuff, and way back I did some comparisons and most of the time it was Ozone 5 or 6 Advanced that came through for me as the better end result, using Alloy 2 and Nectar 2 production Suite in the mix as well. But then there were times that T-Racks would shine as well. The T-Racks Master EQ 432 is very very nice, and in it's place very hard to beat, the Stealth Limiter is also right up there. I very rarely use the T-Racks stuff now, apart from the Master EQ when it suits.
They are both very formidable pieces of software, I tend towards Ozone and Izotope products with a very generous helping of Waves Plugs and a number of very good and useful plugins from various other developers. The best thing to do is try them out for yourself, all our music is different, what works well for one will not necessarily be the best for another. And the bottom line is, if you can use the tools you have well, you will most likely get a better result than if you use tools you don't really have a grasp of even if they are 'supposedly' better. Try them out, and see which suits 'you' the best.
Richard