I'm in the process of converting a Lionel Frisco Mikado to 2 rail. It's an older model based on a Southern RR prototype.
The mechanism is already converted thanks to Joe Foehrkolb. It uses a DC can motor, so that made things easy too. It came with an early version railsounds that is not as good as what is available now, but the chuff and whistle are reasonable. It still works fine if I power the tender with AC, it will not make any sounds running on DC. I'm assuming the use the AC for something in the sound system.
I was just going to pull the boards out, but I thought I'd try posting here first to see if anyone had a different solution that might let me retain some of the functionality. I will not be using the QSI reverse unit since I'm running DC.
Thanks!