I am currently operating one S scale train with a 1950's American Flyer #372 GP7 loco. It had a noisy balky E-unit which I removed. I converted the loco for DC track power with a bridge rectifier that maintains a fixed polarity on the field windings of the series-wired motor. Now I have simple reliable direction control by changing track polarity, and the loco runs very smooth and quiet with good low-speed control.
My reference books show that postwar-era American Flyer made both AC and DC powered trains. I presume the DC versions had permanent magnet motors? I'm just wondering how American Flyer marketed and promoted two different systems. I have very limited experience and knowledge of vintage American Flyer. Any info is appreciated.
So far my S-gauge operation is very small: one short train shuttles back and forth on 30 feet of track. It's a start!