Gostaria de saber se você veria uma melhoria dividindo os casos explicitamente:
...
AND ((t1.vchCol1 = t2.vchCol1) OR (t1.vchCol1 IS NULL AND t2.vchCol1 IS NULL))
AND ((t1.vchCol2 = t2.vchCol2) OR (t1.vchCol2 IS NULL AND t2.vchCol2 IS NULL))
...
...
AND ((t1.vchCol1 = t2.vchCol1) OR (t1.vchCol1 IS NULL AND t2.vchCol1 IS NULL))
AND ((t1.vchCol2 = t2.vchCol2) OR (t1.vchCol2 IS NULL AND t2.vchCol2 IS NULL))
...
