> To my understanding optical […] can be faster (both medium dependent) […]
The speed of light in optical fiber — for all types based on glass, ignoring miniscule differences — is 68% that of air/vaccuum. And that's not changing, and no state-of-the-art high speed applications are being developed on plastic fibre or free air.
So, latency wise, on runs with non-negligible length, optical will lose out to electrical, which is generally quite close to the speed of light. (Except of course after some point the electrical signal is just noise, and if you factor in delay caused by amplifiers/repeaters it becomes much harder of a question.)
There's this kinda-famous story of some HFT company pulling a copper cable across some bay, because they'd gain some nanoseconds compared to the fiber they had.
The transceiver latency for "long-range" links (well, call 100m long range for copper…) is actually worse for the copper links, as the whole DSP getup you need for that takes a few symbol times to process. Optical transceivers are just optodiodes and "simple" amplifiers, the latency is much less than a symbol.
(symbol = unit of transmission, roughly 1 bit on "old" fibre [≤ 25G lane rate], ca. 4 bit for 10Gbase-T, will vary more for faster connections.)