Allosaurus is awesome! Totally different beast from Tyrannosaurus - despite reaching similar size - much more slender, much more ninja!
Did you know, however - that from the Allosaur family, the so-called Carcharodontosaurs evolved, these were massive Allosaurid theropods, that followed a "tyrannosaur-ish" convergent evolution - in fact, they were the first ones to adopt the tiny arms, stocky neck, humongous head bodyplan. They were likely out-competed later on, by Tyrannosaurids, which started out as small raptor-type dinos next to giant Allosaurs and Carcharodontosaurs.
There's also an interesting thing where - you might be familiar with the biological tendency of baby-animals retaining the traits of ancestral forms; a baby human is more monkey-like than an adult human, and so on. In other words - a baby Tyrannosaurus rex would have been very similar to its raptorian-esque ancestors. It appears that this might have ended up being detrimental to theropod diversity wherever advanced Tyrannosaurs existed, since their newborn would out-compete small raptors, their teens out-compete medium raptors, and adults out-competed apex predators. In other words, where - say - in a Jurassic setting, you'd have a whole bunch of species for the small niche, another bunch for the medium etc - in a late cretaceous setting, these varieties were being stamped away by Tyrannosaurus in every niche!
By the end of the cretaceous, theropod diversity is so low, most theropods have moved away from hunting, with the Ornithomimus types, Oviraptors, Therizinosaurs all doing vegetarianism/omnivorism, and the only hunters left little Velociraptor-types, who are like "yeah buddy, you TRY to outcompete us, I'll slice you to ribbons."