Yeah seems like there should be a Ring Engineering equivalent out there in O Scale. Back in 2014, I quickly converted some of the MTH oversized EOT's to 2R, just to have some stand-ins. One I did with battery, the other one I took the Atlas caboose truck electrical pickups and adapted them to the Atlas roller bearing trucks and used the EOT from MTH. The MTH EOT doesn't have a typical flash pattern for most EOT's I've seen, so about 6 months after doing this, I got around to replacing the MTH circuit with a function only decoder and more accurate simple flash pattern. From there I later installed a Tsunami Soundcar decoder to add a little more visual and audio interest for the end of the train.
The photo below is from back in 2014 as well as the attached video
Maybe someone has tackled this and has a more prototypically sized EOT device available? Definitely interested.