PTC is to stop engineers from violating certain operating rules (namely, those associated with signals, speed restrictions, work zone limits, etc.), nothing more. It never had anything to do with reliability or speed.
In order to ensure that a train doesn't go where/when it's not supposed to, PTC takes an extremely conservative approach to train handling. This means that engineers will have to slow down or stop long in advance of when they would normally have to if they just ran the train like they were trained (so to speak) to do.
While some semblance of PTC was required in order to get approval for higher speeds (such as the 110 mph service in the Midwest), PTC in and of itself does not get you the higher speeds (there's also the little issue of track and signal upgrades, grade crossing upgrades or separations, and a much higher standard of maintenance). So, all your 79 mph track would still be 79 (or, I guess by rule it could be 80, but that's virtually the same thing), all your slower-than-79 track will still be slower than 79, except now you'll be slowing down a lot more because the computer tells you to, stopping further from the signal because the computer tells you to (which means if there's a red signal at the end of a platform, right now the engineer can pull right up to that signal so the station work can still be done while waiting for the signal to upgrade; but with PTC that train might have to stop a couple hundred feet short of the signal, which means they may not be able to work the station until after they get a better signal indication).
I actually can't think of a single improvement to service that will come from PTC (unless that PTC is packaged with other infrastructure changes to allow higher speeds, which isn't going to happen except for the few already-funded HSR corridors). While one could argue that the improved safety is an upgrade, all the downgrades in speed and reliability could push enough people away from trains and into cars (where they're many, many times more likely to be killed in an accident) to more than eliminate the very tiny increase in safety compared to what was already an extremely safe mode of transportation.