I recently purchased a Lionel 318 that is original condition but heavily used. I'll let the photos show what needs to be done to get this unit operational. Here are a few notes not shown:
1. Resistance field 1.5, each of the three armature plates were 1.4
2. Axle bearings had to be reamed out to .182 with a #14 drill bit to accommodate the new axles. I will probably ream out the new wheels to .177 with a #16 drill bit to fit snugly on the axles.