I'm assuming that it's indeed a contact problem, as elucidated by the 282 service manual and by your reply, David, as well as this one on the Classic Toy Trains forum, which makes the identical point: "Lack of tension, and/or dirty contact surfaces, will cause intermittent contact when the crane is rotated, or when the winch is operated." Before I start tweaking the two wire contacts at gear shaft and spring-loaded pin, one pertinent detail: the magnet does function when the first lever controller is down and the center lever is up, i.e., when the solenoid is activated, lowering the big hook. It loses magnetism, however, when the first lever is shifted to the up position, i.e., when the hook is raised. Vibration in both directions, though. In short, even though the magnet will work, the whole mechanism does not successfully pick up and then transport a magnetized load.
In another diiscussion on this topic from a few years ago which recommended rewiring the magnet and connecting it to a separate transformer (no can do, in my case), another member suggested, "Run the magnet very briefly in the opposite direction when stopped (up, if going down, down if going up) and you should hear the solenoid disengage. Then you can lift/lower your load without the crane rotating." I've tried that trick, but the problem persists. Any further speculations or advice before monkeying with the contacts?