A while back I purchased a Lionel PH-180 transformer primarily because in was recommended for having a fast breaker that would protect the layout. One day while running a balky pre-war Lionel 226 I had a short that blew out my older TIU. The transformer breaker provided no protection. If the PH-180 breaker trips does the light in the power switch go off?
What's up with that? Why didn't the transformer protect me?
Are you sure that it was a current overload due to the short circuit on the track that killed your TIU?
Based on what you've recently posted, it doesn't appear that a current spike (overload) that killed it, especially since the internal fuses don't appear to be blown. Whatever took it out, neither those fuses nor the PH-180's circuit breaker intervened. This means to me that overcurrent wasn't the cause of the failure.
Perhaps a voltage spike instead? Breakers and fuses aren't capable of protecting against this. You need TVS diodes in addition. Yes, there are some inside the TIU to protect it, but these can be quite a distance from the source of the spike, i.e. the derailed engine on the track, so many of us also put them across the power feed right at the track for extra protection.
Check out this post:
Best places to locate TVS diodes in MTH DCS systems w/ Legacy (2/12/21) | CAPPilot
Mike