I believe the real issue with the Cruise Commander M and four motors is the issues of sensing the back-EMF properly to do the speed control. Perhaps Jon Z. will drop in and give us the official word.
The data points that I can provide are:
1) Cruise M installed in MTH F-3 AA (installed with transplanted K-Line guts from an RS-3) and 4 motors wired in parallel. Cruise M ran hot (heat sink very hot to the touch) after a few minutes and would shut down after 15 minutes or so. After cooling, would run again for a while. When running, cruise functioned well.
2) Cruise M/K-Line stuff removed from MTH F-3 and replaced with regular Cruise Commander and Digital Dynamics RailSounds boards. Performance is excellent with 4 motors in parallel and no overheating.
3) Regular Cruise Commanders also regularly running in MTH Centipedes (4 motors), MTH Sharks (4 motors) and an Atlas RS-1 pair (4 motors) with great performance and no overheating. Speed control in all cases is smooth and steady.