Thinking as Godzilla here, who doesn't do any homework, would not the volume of 1:48 scale be the inverse of 48 x 48 x 48? If our models had the same density (weight per volume) as the protype, how much would these locomotives weigh at O-scale? I don't know how to calculate it but I'm sure all the retired engineers here have already worked this problem out? Would it be the cube root of 48?
Same question for power, or hopefully in similar proportions, either power scaled by weight (traditional measure) or, plausibly valid in modeling, power scaled by volume of the model? How much power should these model engines have if scaled for power?