Micro Engineering track comes in more than rail size. I think both .148 and 125. They might also do 100. Atlas only comes in the one size. Gargraves it way too big and if the rail is like the 3 rail, it is formed sheet metal, not solid. When working and cutting and fitting with flex track, solid rail is a lot easier to cut with out doing damage.
I have Old Atlas from 70s and 80s, which was made by ROCO in Austria along with a line of switches that are about equal to #6. the Atlas switches sold by Atlas in the US were also ROCO, I think, but were 24 inch radius and not very useful with larger O scale equipment. I am not sure if these switches are still made. I have a big flock of them, so it is what I use. I have many spares. They do have wide and deep flangeways at the frog and guardrails. I think there is European "coarse" standard that they meet. I have not trouble with them with my stuff. Also, they are DCC friendly.
The old Atlas track was "tempered". What ever heat treating they used the rail was a little springey, so when you bent a curve, it automatically smoothed it self out. It was slight harder to lay on curves because of this, but resulted in very smooth curves. the ME track is not tempered, it is very soft metal and has no spring. It is easy to bend but also easy to get kinks when doing that. I don't know how the new Atlas track behaves.
When I look at the new Atlas track, the rail looks to fat or thick. It does not look right to me. but my experience is with older rail that has a more slender profile.
A final option for much flexibility is hand laying your own track. I think there are a few outfits that still sell rail, right-of-way being one I think. YOu can pick a size or multiple sizes for main and sidings. Kappler used to sell ties. And Fast-Track sells jigs to make your own switches. I think Right_Of_Way sells points and frogs which makes laying your own switches easy.
I don't know about cost. When I build my previous layout in the early 80s, I compared buying flex track with buying ties, spikes, and rail and I remember it was about 1/3 the price. On the other hand it does take more time. Just using needle nose pliers, once I learned a bit, I could lay about 9 feet of track an hour - without switches.