Based on the repair estimates above, it sounds like a typical Railking RS3 diesel, which retails around $350 is not worth repairing.
Yes. Unless it is special to you (unique road name, signage, paint scheme, etc), you are correct for the Rs3s, RS1s, and other cheaper switchers being pumped out by mth, particularly if one of these reissues is the exact same road name. I have a 5v GP38-2 that is one of the first 5v ps2s and it just keeps on running despite severe abuse and mileage. However, when she dies, I’m either going to see if I can buy a cheap, used PS2 3 volt (they often appear on the bay with broken shells for well under half the price of an electronic upgrade) or ps 3 engine and repurpose the electronics, or I’m going to convert it to a cheaper blue rail/tmcc electronics package. However, for my ps2 5 volt Subway trains, I’ll pay the going rate for a 3/2 or ps 3 upgrade. They mean that much to me, the subway effects are irreplaceable, and the prices for the engines on the open market comfortably exceed this cost. That is our math, Joe.