Ted, your constant denigration of modern electronics is really wearing thin, especially since it has no basis in reality. I'll match the low speed performance of modern Lionel Legacy or MTH PS/3 against your benchmark anytime. Perhaps you might consider just sticking to facts in the future and not taking every opportunity to trash other products or techniques at the drop of a hat.
John this is a harsh personal diatribe, and frankly undeserved. I really don't want to hijack this thread to debate you. You're an electronics expert, and you generously share your knowledge on the Forum, but that doesn't give you the right to bully me, so I feel compelled to respond. I didn't intend to denigrate or "trash" anything. Arthur C. Clarke said that any sufficiently advanced technology is indistinguishable from magic. I generically and playfully referred to the top-shelf modern technologies as "voodoo."
Getting back to topic, the FACT is that our motors have a finite operating range, including some minimum RPM below which they are prone to erratic operation, because the torque being produced at that RPM isn't sufficient to overcome transient frictional events. This minimum RPM translates directly to minimum loco speed via the gear ratio.
A closed-loop feedback system (aka "speed control") as illustrated in your video can force the motor to turn slower than it would if supplied with unadjusted track voltage. My point is, the end result is always better if the loco is geared properly in the first place. Excessive top speed (which immutably plagues many 3-rail locos) ALWAYS entails a trade-off with slow-speed performance. On most home-sized layouts, slow speeds are more important, there just isn't enough room for high-speed running. That's why I made a tongue-in-cheek reference to the size of OP's layout.
Then there's the subjective "feel." Motion capture with a stroboscope or high-speed camera would reveal a subtle surging as the speed control hunts around a target value. Generally it's well-damped. However, some of my locos with speed control seem to have TOO much damping, which gives them an over-controlled feel that just isn't train-like. Somehow the sense of mass is lost or muted. Conventional drivetrains with torquey motors, low gear ratios, and large flywheels (a rare combo, but I have a few) are smooth, predictable, and gratifying to run. God bless Sir Isaac Newton!
Speed control requires excess input voltage, a "reserve" to increase power when needed. Absent the need for such reserve, a motor with a higher-voltage winding could have been specified to attain the same top speed. Thus, as with the gear ratio, some performance (typically the starting behavior I described in another recent post) is compromised. Many closed-loop systems rely on a tach sensor, which introduces new failure modes and sometimes mandates a smaller flywheel for packaging reasons. Because modern locos are crammed with electronic components, it complicates basic maintenance. The electronics also add to the price, perhaps $200-$300 retail per loco. So yes, electronic speed control has been widely adopted in 3-rail O, and a lot of folks love it. But it's not strictly necessary for good performance and it has its own set of drawbacks.
Companies like Westside and its predecessor US Hobbies used to publish the gear ratios and motor designations in their catalogs because serious hobbyists knew those numbers were important for operation, and they provided evidence of thoughtful, deliberate engineering. At least the prospective purchaser could make an informed decision! Even if you didn't like the OE specs, the split chassis and "divorced" driveline inherent to these locos from the golden age of 2-rail make it easy to change the motor and gearbox to achieve the desired performance. This is exactly what the OP is proposing to do. I'm not a villain for pointing out the advantages, or for wishing that we had locos of this design in traditional O gauge. Peace.