I have the above which is running very eracticly and sounds very eracticly. Have no idea what the problems are. Not even gona ask anybody to diagnose the problems over the net---but I will ask is it worth getting the engine fixed or buy a new one? When new the horn sounds quite "ghostly"---I liked it. Thoughts on it?
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As it is a TMCC loco, do the "Reset" function as described in the manual.
"Erratically" doesn't tell us much. If both motor and sound are "cutting out", it may be as simple as a pickup/loose wire issue. If the loco is no longer getting good current, it will also affect the sound "commands" it sends the tender.
Now, to ask the "duh" question: are the wheels/rollers - even track - dirty? Cleaning never hurts and will eliminate one possible cause.
Buy a new one? Can't know that - got no data - contact a dealer/Lionel repair shop (lots of guys here do that) and take it from there.
Classic Universal worm-motored engine! Built just like a Post-War Berk. So... have you cleaned out the grease well and re-packed? Have you oiled the wick? Have you oiled the bearings reservoir? Are the commutator faces clean? The slots? The brushes?
Jon 
excellent---checked out selling prices and do believe I'l keep this one do all the suggestions--
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