JP - Being an Alco PA diesel this loco has six-wheel trucks. That said, to enable the loco to navigate tighter curves, on Lionel's model the innermost wheels on each of the trucks are blind (ie. flangeless), so these particular wheels basically swing/drag over top of the track momentarily as they're circling the curve. This is what allows the diesel to go around 031 curves.
Other than that, the engine comes equipped with dual can motors (not Lionel's venerablePullmor that requires a slightly higher degree of maintenance) and also has traction tires. Consequently my engine has run fine with the normal basic maintenance I have provided over the years.
Regarding the derailing problem your friend has experienced on his 042 curves, perhaps it relates to his track geometry.