My favorite track plan would be oval outside and oval inside with figure 8. I would include two connections with the two ovals.
See picture of my control panel for two ovals and figure 8 , connection at bottom
The recommended track plan allows for trains to reverse in both directions and to change loops in both directions.
Do not be afraid of switches. I use 27 Marx 1590 metal frog switches and have no problems running Lionel and all Marx even with fat wheels.
5 ft x 9 ft is a nice size. If you want fun and action and lots features to keep attention for years consider building a turntable. Mine cost $5 and was fun to build. Check out my on going post on OGR forum, link below.
https://ogrforum.com/t...ra-027-layout?page=1
Post 9 6-25-2016 Turntable Construction
Charlie