Like I said, the sticking point is the sound boards. I can assemble a Legacy mode motor drive electronics package, but I can't get Legacy RailSounds boards except as replacements with a returned board.
A far better choice is to simply go with the ERR upgrade. You get great motor control which is pretty much the same as the Legacy back-EMF board, and the parts are readily available. You can also get the RS5 quality sounds as long as you can live with the choices that ERR sells.
You can also buy many RS4 boards if you like a specific locomotive sound set, Lionel has a lot of those still available on their site.
I have personally never actually assembled a Legacy locomotive for that reason, though I have tested the configuration on the bench and verified that you can run in Legacy mode and control the motors, lights, and couplers from the CAB2. The smoke even worked, which was a bit of a surprise as many times the R4LC didn't control the smoke, they used the separate smoke regulator to directly switch the smoke on/off for Legacy. However, since early Legacy with the R4LC used either AUX1-1 or AUX1-2 for their engine type, that probably explains how that function was assigned to the cab lights.