OK...My previous post was an attempt to search for archived Lionel service documents re this accessory (earliest versions, only). I don't think such info is really that easily found (except for the wiring diagram), so to be more precise on my question...
It has to do with the cable spool/shaft...the main component for winding the string/cable that lifts the magnet up/down. In taking the device apart, I notice that the metal spool freely spins on its shaft. There is a hex screw at the spool end of the shaft I tried tightening it by gripping the shaft only to discover that there must be an internal shaft serving as an electrical conductor for illuminating the cab lamp when the accessory is activated. Clever. But when trying to tighten the hex screw, gripping the main shaft, the screw will not tighten any further but spins freely...along with the tiny hemispheric internal shaft end at the opposite end from the spool!! And there's seemingly no way to grip this internal shaft! So this hex screw is really threaded into that internal shaft. But the motor-driven worm gear to provide for spool winding is not attached to the internal shaft, but the external shaft.
With the insulating washers, top and bottom, isolating the two concentric shafts, it's almost as if Lionel was creating some sort of friction 'clutch' for the cable spool...but I don't know why, because if you let the spool run continuously it would simply begin winding up after winding out completely, no change of direction!?
This is why I was searching for Lionel original service documents. It is not at all apparent how to tight that hex screw to keep the cable spool itself from freely spinning. I wouldn't be a bit surprised if my above description is a bit of Greek to a reader without some pictorial/diagram/assembly instructions...such as Lionel would've created for full documentation. It'd be nice to use correct part names/numbers as the manufacturer might have applied.
If anyone comprehends the problem, has dealt with it themselves, has info or a solution, ...I'm all ears.
And, thanks for taking a moment to consider.
KD