Is emulator faster on loading times (event loading times) compared to console or it's the same?

They are since accessing the right file is faster on a storage (USB, SD card or computer) than on a regular disk. This is why I've been questioning whether or not we should not take loading times into account although it's present almost everywhere. Hope that answers your question!

Emulator I would've thought can load much faster than console as there's a noticeable difference between physical and digital its hard to say for sure if the game will load faster on emu compared to that of an official disk on console if we were to try timing without loads or loadless its a lot harder to configure for livesplit to run loadless for console games mainly why we all use RTA because its simply easier to time so ye its likely emulator would load faster as its essentially digital many games that run on emulators like virtual console games load faster because digital compared to the physical versions