We present a comprehensive comparison between numerical relativity (NR) angular momentum fluxes at infinity and the corresponding quantity entering the radiation reaction in TEOBResumS, an Effective-One-Body (EOB) waveform model for nonprecessing coalescing black hole binaries on quasi-circular orbits. This comparison prompted us to implement two changes in the model: (i) including Next-to-Quasi-Circular corrections in the $\ell=m$, $\ell\leq 5$ multipoles entering the radiation reaction and (ii) consequently updating the NR-informed spin-orbital sector of the model. This yields a new waveform model that presents a higher self-consistency between waveform and dynamics and an improved agreement with NR simulations. We test the model computing the EOB/NR unfaithfulness $\bar{F}_{\rm EOB/NR}$ over all 534 spin-aligned configurations available through the Simulating eXtreme Spacetime catalog, notably using the noise spectral density of Advanced LIGO, Einstein Telescope and Cosmic Explorer, for total mass up to $500M_\odot$. We find that the maximum unfaithfulness $\bar{F}^{\rm max}_{\rm EOB/NR}$ is mostly between $10^{-4}$ and $10^{-3}$, and the performance progressively worsens up to $\sim 5\times 10^{-3}$ as the effective spin of the system is increased. We perform similar analyses on the \SEOB{} model, that delivers $\bar{F}^{\rm max}_{\rm EOB/NR}$ values uniformly distributed versus effective spin and mostly between $10^{-3}$ and $10^{-2}$. We conclude that the improved TEOBResumS model already represents a reliable and robust first step towards the development of highly accurate waveform templates for third generation detectors.