I'm curious about this one as well. Is there anything different in the LC+ drive train as opposed to earlier TMCC/conventional versions? I think so.
I don't have the Mikado, so I can't confirm, but I suspect it uses the same basic gearbox that is on the newer 0-8-0's and 2-8-4's. I do have a polar express 2-8-4,(rated for O27 curves) and it will not run well on anything less than O36, I suspect the Mikado will perform the same way despite being rated for O31 curves.
This issue is specific to the 8 driver locomotives, the 0-8-0's, 2-8-2's, and 2-8-4's put out in the last several years has to to with the length of the driving truck in my opinion, as my hudson's(4-6-4) in TMCC, and LC+ will run fine on O27 curves, as will the LC+ NW2 diesels.
Dave's experience with the realtrax O31 is interesting, as I know my 2-8-4 polar express will derail more often than not on lionel tubular O31. Perhaps the realtrax, being just slightly wider, is just enough to keep from having problems. If that's the case, then it should run equally well on any track that uses center-rail diameter, including fasttrack.
JGL