I don’t think anyone is actually interested in playing a game of who’s more oppressed. But when it comes down to it, trans women, at least certain ones, are more vulnerable than others. Transgender women of color are the go to example here and for good reason. They are less likely to have community support, less likely to have the same viable career options open to them that other women — trans and not — have open to them.
The main problem with talking about privilege is intersectionality. Do at least certain trans women of color have more privilege than you because they might have been treated as male at one point? I would submit that they don’t; otherwise they would not be forced into vulnerable situations (like subsistence sex work). And please don’t tell me that — by virtue of some kind of male privilege — they have other choices. It’s not like the could get a job in construction. Even illegal but possibly more lucrative avenues open to marginalized men of color are male-dominated. And unlike many people like you, for purposes of oppression they are treated as female. I don’t have time to get into the rest of what you said here, though I have plenty of thoughts. I will try to address them in the morning.