Sorry that I can’t help you with personal experience.
But when comparing these 2 schools, be aware that applications to Colgate have skyrocketed in the past 2 years. By way of comparison for the current application cycle:
Wake Forest - 17,900 applications for 1412 freshman seats
Colgate - 21,100 applications for 765 freshman seats
Estimated acceptance rate at Wake Forest this year is about 21% while at Colgate it is less than 12%. The admissions landscape at Colgate has changed dramatically vs 2 years ago when they had only 8800 applications. At that point the acceptance rates at both of these 2 schools was comparable, but today they are dramatically different.