TRIM and "secure erase" are mostly the same thing, but not quite. TRIM is a command the OS sends to say "hey, this data was erased, so you can now safely erase this block at any time", while secure erase means "erase this block right now". With TRIM the SSD firmware has the decision of when to do it, with the other it just goes and does it.
As for the performance, because of how Flash technology works, it can't rewrite data, it first has to "reset" it back to the block/cell being all 1 bits, and then sets specifics bits to 0's. TRIM (and the Garbage Collection algorithms) work around this issue by allowing the SSD to reset blocks in advance, so they're always prepared for a new write. And then there are at least two more mechanisms working along to ensure the lifetime of the drive.
For a good insight into what's going on with your drives, you can read the Wikipedia article, as a start: http://en.wikipedia.org/wiki/Flash_memory
Edit: you meant "read performance" and I read just "performance". Mmmm... on old data, what might be going on is that charge leaked from some of the bits that compose your files, and the ECC algorithms have to go a greater length to correctly recompose your information -- so reads end up being slower. That's my best guess.