The lack of influence of the TMI in slow precession I am not sure what tha cause could be.
Check out this derivation of the slow precession formula. It's the simplest one I have seen.
http://hyperphysics.phy-astr.gsu.edu/hbase/top.html
Thank you, anyway I am not sure yet about the answer.
It isn't that I doubt about the role of the TMI; after the experiment, and what you and Jeremy have said, I do believe that the TMI does not influence the precession rate.
I tend very much to think in geometrical terms when I try to understand these things.
Even not knowing the terminology and the math language, often I understand the logicality of these forces and motions, at an elementary level of course, (and at times I am wrong even for simple things).
Given the direction of the torque in a top, the first idea could be that both the moments of inertia partecipate, as an inertial resistance, to that torque.
Now i know that this is wrong.
So I am come to think that, (today I started to have this idea), the transversal accelerations on the flywheel happen solely in a direction parallel to the axis of the top: this would make the TMI of no influence on precession speed.
At first glance this could seem strange; during precession, (the normal slow one), for each spin of the top, its mass points are subjected to two accelerations and two decelerations in a direction parallel or approximately parallel to the axis of the top.
Anyway the spin axis has not lateral movements synchronous with these accelerations; it only traces a conical trajectory.
Since the top is not made of rubber and doesn't bend while spinning, how can it be that the mass points of the flywheel go up and down and the stem instead go straight along the precession trajectory ?
The answer is that the top doesn't bend and that the precession movement is the visible result of these vertical accelerations.
The stem movement unaffected by the vertical accelerations in the flywheel is a clue that those accelerations happen only parallel to the axis of the top, so that they have no influence on the trajectory of the stem.
If the accelerations on the flywheel happened about the tip, or the CM, (which I can't imagine), so that the trajectory of these accelerations would be curves, and the kind of acceleration angular, not through straight lines, then the stem should move in some way accordingly to these accelerations in the flywheel.
It is difficult to conceive clearly these vertical accelerations in the flywheel, but the motion of the stem (axis of the top) is easier;
it has no lateral movements, (apart from precessing, assuming that there is not nutation nor unbalance), so it should mean that the shape of the trajectories of the mass points in the flywheel during the vertical accelerations can only be straight lines parallel to the axis of the top.
This maybe would explain why the transverse moment of inertia does not influence precession speed.