I have a PS/2 and PS/3 Aerotrain, AFAIK, the AUX LIGHT does nothing, it's not wired to anything.
Your issues on curves are a somewhat classic issue with the rear truck. As you can see, it's an oddball arrangement.
#1: Make SURE the small wheels rotate freely is a must. On my PS/3 version they seemed to be missing something and were binding. I had to do some surgery to get them to freely rotate.
#2: The spring loaded balance of the rear truck is critical, if it's not right the small wheels will either climb out on curves, or they'll lift the larger wheels in curves. Since the rear truck has the tach reader (another stupid design decision), if those wheels lift, they'll slip and spin, thus making the rig jerk and sometimes even stop.
I'm going to move the tach reader to the front motor in one and see if that smooths things out, just have to get the time to try that fix.