I use 3 Hampton Bay 600 watt ones for outdoor lighting. I bought these way back very cheap with a heads up from Jim Barrett of the forum here. Actually they are 2, 300 watt transformers in a package with 2 circuits. What I did was divide each 300 watt circuit into 2, 10 amp circuits each and installed a fuse on each feed. Thus each 600 watt transformers has 4, 10 amp circuits 120 watts each. This keeps maximum draw on the transformers to 80% of the rating. The breakers on my units are excellent and will trip before the 10 amp line fuses. The reason for dividing it into 4 is to keep the bus wire size down to 14 or 16 gauge and to make tracing of shorts easier. In fact it is a good idea to make a lot of the connections with barrier strips so sub circuits can be traced easier. A common return can be made out of Romex house wire. Shown here
http://www.jcstudiosinc.com/Bl...d=432&categoryId=426For smaller layouts size transformers according to needs. To answer the question a 150 watt outdoor one could run one circuit if a 16 gauge but preferable a 14 gauge bus is used and the breaker would protect it without an additional fuse. I still would add a fuse,would not hurt. The larger bus size lessens voltage drop. For toy train transformers,I think anything 75 watts or more is useful. Size wiring accordingly and consider voltage drop if you have long runs. Definitely add a fuse or breaker with PW type. Low voltage does not mean thin gauge wire,in fact it means the opposite for the same load and more voltage drop.. Even lesser ones can be used to make DC circuits for LEDs. Just add a 10 amp or more bridge rectifier. Hook the 2 transformer leads to the 2 AC terminals on the bridge. You can share the common bus by simply hooking one of the output leads such as the - to the common bus if used so then you need only one wire bus for the + DC output. Color code this to avid confusion. If fact color code all your wiring.
With outdoor lighting going to LEDs,more and more these type of outdoor lighting transformers described may be getting a little rarer in use.
A last point is that there was controversy as to whether these outdoor lighting transformers were suitable for indoor use. Mine are stamped "for indoor and outdoor use" These units have photo cells which can be bypassed with a manual switch. Mine do cause interference on the AM radio band,so if you listen to Rush Limbaugh you may have to turn it off to do it.
Dale H