I've used a Choo Choo cam for years. It is mounted in the nose of a lead dummy locomotive which is double headed, not "lashed up" , with a powered unit.
It is track powered and transmits a video signal to a receiver.
Like others have said, there are occasional dropout glitches and it is nothing close to HD, but it is in real time and at a decent frame rate.
I occasionally run the output of the receiver to my Virtual Vision RX glasses (similar to the photo below) which contain a small TV monitor in front of one eye. The illusion is that you are watching a large screen TV from about 6 feet away, similar to an automobile's heads up display.
If you really want an engineer's point of view, even though your layout sometimes looks like you're inside space Mountain when they turn the lights on, this is the ticket.
Remember to keep the barf bag handy.
TJ