First, kudos to GRJ for his thorough documentation! So now, in addition to GRJ's measurements, we have Mike Reagan's comment that:
"If you measure the voltage with a digital or analog meter (specifically pins 5/6 for AC hot and pins 3/4 for ground) you will read 12VAC. While holding down 9 you will see 14VAC (this is providing you have used auxiliary code 8 in programming and have 18VAC applied to the track)."
And Norm's data suggesting the voltage (with 18VAC applied to the track) is:
9.84VAC (normal) and 16.69VAC (boost).
I can see why this can be confusing to the casual observer.
One conclusion to draw from all this is to be mindful of the limitations of your test equipment. Back in the day, AC meant a pure sinewave and DC meant a stable battery-like voltage. Now, AC can be chopped sinewaves (from triacs) and high-frequency track AC (DCC squarewaves) and your father's Buick DMM can give unexpected results. Likewise, DC can be pulsed and at remarkably high frequencies (such as for DC motor drive). A typical DMM's DC measurement will not meter short high voltage pulse in a way that tells you what's really going on.