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Personally if you can submit to a few more without getting disheartened by possible rejection (hate that word) letters, then I don't see any harm. You can always Self pub later. I have thought that maybe if you submitted your comedy Jock one and it got well recieved there might be a insentive to take on TCOL.
As for reading, those books will still be there, your writing comes first



As for TCOL - I've seen other works where the first book of the series is published with one company and the subsequent works are with another. While I am very excited to read TCOL, I know that no matter where it is published, I will buy it.
That being said, and I cannot believe I'm about to advocate this since waiting is not something I am good at, I would focus on your other works. I agree that there a publishing company would have incentive to publish TCOL if they have already published something else by you. Perhaps after you finish the 3rd book, it may help you publish TCOL if a publisher knows where the overall story arc.
I really am not very familiar with the publishing world, and as a reader, if I find a book I want to read and it's not available at a the publisher's website, then I usually go to All Romance. If you self-publish, would your works be able to second hand distributors like ARe?
Take care xx