Some notes on your project.
(1.) Lamps in older engines tend to be 12 to 15 volts, as Carl noted. Replacing lamps front and rear with higher voltage lamps (18 to 20 volts) may in the long run be an advantage. Some steam locomotives had a constant voltage board front head light. There may also be cab lights, marker lights, front and rear.
(2.) Some cases those older speakers PS1 were 16 ohms, be sure, as GGG noted, it is an 8 ohm speaker.
(3.) May be best to leave the smoke unit hooked as is. Older Sleuth units draw a lot of amperage, and don't play well with newer electronic boards, IMO.
(4.) Most older tethers are (4) wire, as GGG indicated, (6)wires would be nice, (8) even better, depending on what you want to control/light.
(5.) One electric motor or two?? Older large can motor(s), or new, compact can motor with a flywheel(s). A Bigboy is a large model/a lot of weight. There is usually a fair amount of discussion, about the advantages of replacing the motor(s) as part of this project. IMO.
(6.) The install instructions should be available from the ERR website, Copy the instructions and work through the project before you purchase the package. This allows an understanding of the project. You should be able to make a material list beyond the package, that may be needed.
(7.) Antenna installation and Tender shell isolation may require some additional work.
(8.) Sound package for an articulated steam engine may be a bit different.
Cruise Commander Install manual. Click on the underlined phrase to link. Note: This may not be the correct install manual for your project. From the ERR website. (Contact Us). There is a phone number on their website.
Best wishes with your project.
Mike CT