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I have no idea either way, but it seems that a toaster oven would be much more efficient because it's insulated and enclosed. A normal toaster is basically a very small room heater that happens to operate near bread.

Someone please do the web search and provide the answer.

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A toaster both dries and toasts slices of bread. So having an enclosed space is not necessarily an advantage.

It’s up there with using a bazooka to kill a fly, but the best toaster I’ve had is a benzomatic+Searzall. The intensely hot but non-penetrating heat adds a bit of crunch without drying the innards of the bread.

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