"That's correct, the circuit breakers in the old post war transformers were mainly to keep the transformer from overheating from a dead short and won't won't protect your trains. For most post war transformers it is best to add a 6 or 7 amp external circuit breaker to the positive side and use a transient voltage suppressor or TVS rated at 32 volts AC bi-directional. Mouser or one or 2 other electronics companies have these and the price is around $3.00 each for a TVS. A small investment against peak voltage spikes."
"A more modern transformer(like the Lionel ZW-L or the MTH Z-4000) may not always be best with PS-1 from MTH. The sign wave shape might be off and not work with the PS-1 engine or cause it to go into rocket sled speed without any speed control other then a complete turning off of power."
"An older transformer(like the post war transformers) should have the correct wave output and not cause problems for the PS-1 engines."
Thanks for the information, Lee!! How should the TVS be hooked up??