Semistable torsion classes and canonical decompositions in Grothendieck groups

We study two classes of torsion classes which generalize functorially finite torsion classes, that is, semistable torsion classes and morphism torsion classes. Semistable torsion classes are parametrized by the elements in the real Grothendieck group up to TF equivalence. We give a close connection between TF equivalence classes and the cones given by canonical decompositions of the spaces of projective presentations due to Derksen-Fei. More strongly, for $E$-tame algebras and hereditary algebras, we prove that TF equivalence classes containing lattice points are exactly the cones given by canonical decompositions. One of the key steps in our proof is a general description of semistable torsion classes in terms of morphism torsion classes. We also answer a question by Derksen-Fei negatively by giving examples of algebras which do not satisfy the ray condition. As an application of our results, we give an explicit description of TF equivalence classes of preprojective algebras of type $\widetilde{\mathbb{A}}$.