Yes, the cams I speak of on the 3rd Rail are on a driver axle, so by definition, they're at the bottom under everything. Obviously, the switches are down there with the cams.
Wait a few weeks and I'll have an easier solution for you.
It's in the production queue now. I've been using prototypes of this on my conversions for several months, no magnets, reed switches, etc. It'll do any number of chuffs, and you calibrate it exactly to the specific locomotive in question, so gear ratios and the like are not an issue. As bonus, my production model is going to have an optional ground light feature that will control ground lights and turn them off at around 10 scale MPH.