I run only conventional. I have a Z4000, and I run nearly all Lionel. I have had no problems with the Z4000 and see no difference between how locos run with it as compared to the two CW-80s I have, too. It is a superb unit to power anything from pre-war Marx to the very latest Legacy and Premier locos in conventional.
- Starting out in neutral. I have some locos that start out in F, some in neutral, but i've never noticed this is a function of transformer. For example my Lionel Santa Fe anniversary ABBA set starts out in forward on eithera CW-80 or Z4000. My Legacy Southern Crescent starts in neutral, regardless of which, and I can't remember whether recetn conventional Lionel locos (Shifter, the conventioal Atlantic start out in F or N - really not importat - they cycle dependably with the Z4000's direction switch or just by throttling back, etc. I pick up my ZW-L in a few hours and while testing it out I will check to see if there is a difference in this with the Z4000 and ZW-L, though.
- Going Slow. Alll of my Lionel locos - all of my locos for that matter, seem to run as slowly with the Z4000 as with a CW-80. None run as slowly as those friends run under Legacy or DCS control, but wither conventional or Legacy, my locos go about as slow as they will go in conventional on either: I've never noticed a difference and if there is one it has to be very minor.
- Bells and whistles. I have had some locos that the Bell, or the Whistle button would not work on, but I never let this bother me.